AUDUSD flirts with weekly downtrend line Stochastics create bullish cross But RSI holds near neutral level AUDUSD has reversed to the upside after the rebound off the 0.6700 round number with strong barrier coming from the weekly descending trend line around 0.6750. Over the last couple of weeks, the market has been developing back and […]
The post AUDUSD Bounces Off 0.6700 But Looks Weak appeared first on Action Forex.
GBP/USD started a fresh decline below the 1.2750 zone. USD/CAD is rising and might aim for more gains above the 1.4100 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…
Markets Volatility remains high in the US Treasury market. We believed that Wednesday’s in-line with consensus CPI inflation report could be the start of a consolidation process on the sell-off which started mid-September. Fed Chair Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549; (R1) 1.0583; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen. But outlook will stay bearish as long as 1.0760 support turned resistance holds. On Read more…