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GBP/USD started a pullback from the 1.3050 zone. USD/CAD is rising and might aim for more gains above the 1.3735 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a downside correction from the 1.3050 resistance zone. There is a key bearish trend line forming with resistance at 1.2940 on the […]

The post Market Analysis: GBP/USD Trims Gains While USD/CAD Rallies appeared first on Action Forex.

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24/06/2024

EUR/JPY Outlook: Hits New Record High

EURJPY continues to trend higher and extends steep upleg into sixth straight day, to hit new record high above 171 mark in early Monday trading. Bulls firmly hold grip despite overbought conditions and signals from Japan’s authorities about the intervention to support falling yen, which came under increased pressure after dovish BoJ’s stance in the […]
17/05/2024

Running a Fine Line, With Scissors

Both the government and RBA are walking a fine line, but some budget decisions might not be as inflationary as they seem at first glance. Households in Australia are collectively doing it tough. Their cash flows are being squeezed by the high cost of living, high level of interest rates and a rising tax take. […]
28/12/2023

Crude Oil Price Recovery Could Gather Pace Above $76

Key Highlights Crude oil prices started a recovery wave from the $67.70 zone. A key rising channel is forming with support near $73.80 on the 4-hour chart. Gold prices also gained pace and climbed above the $2,065 resistance. EUR/USD surged above the 1.1040 resistance zone. Crude Oil Price Technical Analysis In the past few days, […]