Daily Pivots: (S1) 1.3418; (P) 1.3442; (R1) 1.3471; More… Focus is back on 1.3535 resistance in GBP/USD with today’s extended rebound. Firm break there will target 1.3725/87 key resistance zone. On the downside, though, break of 1.3322 will resume the fall from 1.3725, as the third leg of the corrective pattern from 1.3787, and target […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
AUD/USD failed to stay in a positive zone and declined below 0.7000. NZD/USD is also moving lower and might extend losses below 0.5850. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started Read more…
WTI crude oil posts a bullish gap, reaching its highest levels since July 2022. Iran-related tensions fuel upward pressure, but rally could be short-lived. Momentum indicators mirror the surge, extending into overbought territory. WTI crude Read more…
Markets Unexpected weak US payrolls on Friday brought a temporary interruption from the war-related, inflationary narrative. Contrary to mostly solid US data of late (e.g. ISMs), the US economy in February shed 92k jobs. The Read more…