AUDUSD jumped into the 0.6800 territory early on Thursday after a remarkable session in November, which added 6% to the pair’s value—the largest gain since April 2020. The progress followed the confirmation of a bullish inverse head and shoulders (H&S) pattern near the 30-month low of 0.6169, though the 200-day simple moving average (SMA), which has been […]
The post AUDUSD Targets 200-SMA after Solid November appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…