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The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%. RBNZ holds rates, says economy weak There was little drama from the Reserve Bank of New Zealand’s meeting on Wednesday, as the decision to pause […]

The post NZ Dollar Rises as RBNZ Pauses appeared first on Action Forex.

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AUDCAD Rebounds Strongly from Uptrend Line

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19/08/2024

AUD/USD Outlook: Continues to Trend Higher Ahead of FOMC Minutes, Powell’s Speech in Jackson Hole

AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week The pair enters the third consecutive week of strong gains, with the latest acceleration being boosted by revived risk appetite and hopes of September Fed rate cut (with renewed […]
01/04/2024

Pound’s Pause Before Dive

The British Pound has spent the past week in a tight 500 pip range but has mostly traded around the 1.2620 level. Attempts by the bears to send the GBPUSD into a downtrend like the EURUSD have so far failed, with the pair finding buyers on dips towards the 200-day moving average (now at 1.2590) […]
15/07/2024

Nikkei Index Has Risen To a Two-Month High

As we reported on 26th June, analysing the Nikkei 225 chart (Japan 225 on FXOpen): → The price is in a significant upward trend (shown by the blue channel); → The price may continue to rise along the median line. Since then, the Nikkei 225 index (Japan 225 on FXOpen) has increased by more than […]