AUDUSD extends strong bounce from new 2023 low (0.6331) into second straight day, driven by profit-taking at the end of the month/quarter. Slight change in Fed’s narrative on monetary policy from hawkish stance to unclear signals whether more policy tightening will be needed in coming months and looming partial US government shutdown, weighed on US […]
The post AUD/USD: Recovery Accelerates on Month/Quarter End Profit Taking appeared first on Action Forex.
The stock market wasn’t supposed to open 2025 with a thud. That, at least, was the conventional wisdom. The big rally that erupted after the election of Donald Trump in November was supposed to continue Read more…
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…