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Key Highlights USD/JPY remained in a positive zone above the 148.50 support zone. A short-term bullish trend line is forming with support at 149.25 on the 4-hour chart. EUR/USD declined heavily and traded below the 1.0840 support. Oil prices are at risk of more downsides below the $69.75 support. USD/JPY Technical Analysis The US Dollar […]

The post USD/JPY Set for More Gains: Is The Uptrend Here To Stay? appeared first on Action Forex.

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21/10/2024

Australian Dollar Steady, RBA’s Hauser Says Rates Could Move Either Way

The Australian dollar is calm on Monday. In the European session, AUD/USD is trading at 0.6689, down 0.18%. The Aussie posted its third straight losing week and has declined 3.2% in October. On the data calendar, there are no US or Australian economic releases. RBA’s Hauser: policy could move in either direction The markets are […]
26/01/2024

AUDUSD Hovers Around 200-day SMA after Decline Halts

AUDUSD pauses short-term retreat at December low Double bottom pattern triggers a rebound, but 200-SMA holds strong Momentum indicators remain heavily tilted to the downside AUDUSD experienced a vast selloff following its December peak of 0.6870, breaking below both its 50- and 200-day simple moving averages (SMAs). Although the pair managed to halt its retreat at […]
10/05/2024

Elliott Wave Expects AUDUSD to Break Higher

Short Term Elliott Wave in AUDUSD suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree. Up from wave (2), wave (i) ended at 0.6432 and pullback in wave (ii) ended at 0.6407. The pair then extended higher in wave […]