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AUDUSD poised for a move—traders should stay alert! The AUDUSD pair, often referred to by traders as the “Aussie,” is a major currency pair representing the exchange rate between the Australian and US Dollar. The Australian Dollar is heavily influenced by commodity prices (especially iron ore and gold), interest rate decisions by the Reserve Bank […]

The post News of the Week (September 23—September 27): AUDUSD Review appeared first on Action Forex.

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12/04/2024

Gold Price Hits New High While Crude Oil Price Consolidates

Gold price surged toward the $2,400 zone and traded to a new all-time high. Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a strong increase above the $2,350 zone against the US Dollar. It broke a key bearish trend line […]
08/08/2024

Crude Oil Prices Path to Recovery: Major Challenges Ahead

Key Highlights Crude oil prices found support near the $72.00 zone. A connecting bearish trend line is forming with resistance at $76.60 on the 4-hour chart. EUR/USD is consolidating near the 1.0900 pivot zone. Bitcoin could struggle to recover above $58,000 and $58,800. Crude Oil Price Technical Analysis After a close below the $80.00 level, […]
11/01/2024

Is Oil Headed for Another Supply War?

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