AUDUSD kept firm tone and accelerated higher on Wednesday, extending its latest bull-phase into fourth straight day. The pair hit the highest levels in over one week, lifted by announcement of US-Japan trade deal that fueled fresh risk appetite. Bulls pressure 2025 peak at 0.6595 (July 11), violation of which would signal an end of […]
The post AUD/USD: Rises Further on Fresh Risk Appetite appeared first on Action Forex.
AUD/USD’s late breach of 0.7221 last week suggests the recent up trend is resuming. Initial bias is mildly on the upside this week. Next target is 61.8% projection of 0.6420 to 0.7187 from 0.6832 at Read more…
USD/CAD’s fall from 1.3965 continued last week after brief recovery. Initial bias stays on the downside this week for retesting 1.3480 low. Decisive break there will resume whole down trend from 1.4791. For now, risk Read more…
GBP/JPY’s steep decline last week indicates medium term topping at 216.58, on bearish divergence condition in D MACD. But as a temporary low was formed at 210.43, initial bias is turned neutral this week first. Read more…