AUDUSD had been stuck in a steep downtrend since early March but managed to recoup some losses after bouncing at the 30-month low of 0.6169. However, the pair has been trading without clear direction in the last couple of daily sessions as its advance came to a halt at the 200-day simple moving average (SMA). […]
The post AUDUSD Consolidates as Rebound Falters Near 200-day SMA appeared first on Action Forex.
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…