On a weekly timeframe, AUD/CAD made a low in March 2020 near 0.8070. The pair then began moving higher. Nearly one year later, AUD/CAD put in a high of 1.0000 during the week of February 22nd, 2021. AUD/CAD then pulled back to the 50% retracement from the March 2020 lows to the February 2021 highs, […]
The post AUD/CAD Short-Term Cup and Handle Points to 0.9700 appeared first on Action Forex.
Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the Read more…
Canadian Dollar and Mexican Peso faced sharp declines after US President-elect Donald Trump announced plans for aggressive trade measures targeting Canada, Mexico, and China. Trump stated that on January 20, as one of his first Read more…
Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…