The Aussie jumped to a new high versus the US dollar during the session after the Australian CPI came in at 3.5%, down from 3.8%. However, this was worse than expected, as expectations were at 3.4%. This discrepancy caused a spike to the upside in the Aussie, but it’s important to note that inflation is […]
The post Elliott Wave Analysis: Aussie Testing Resistance After AUD CPI Data appeared first on Action Forex.
Dollar regained its dominance in the currency markets last week, surging ahead despite US Treasury yields struggling to break through resistance levels. Investors continued to adjust their expectations for Fed’s monetary policy, increasingly anticipating a Read more…
EUR/USD’s decline from 1.1213 resumed last week and fell to as low as 1.0495, before recovering just ahead of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Initial bias stays neutral this week Read more…
USD/JPY’s rise from 139.57 continued last week and hit as high as 156.74 before retreating. Initial bias stays neutral this week first and some consolidations could be seen. But further rally is expected as long Read more…