Aluminum has been moving lower since fears of a slowdown began to sweep through the markets, and it is bringing AUD/USD lower with it. In early November 2021, Aluminum found support at the 200 Day Moving Average near 201.50. For the next 3 months, the industrial mental moved higher as inflation reared its ugly head. […]
The post Aluminum at Support. What Does that Mean for AUD/USD? appeared first on Action Forex.
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EUR/USD’s fall from 1.2081 resumed by breaking through 1.1506 last week. Initial bias stays on the downside this week for 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Firm break there will target 61.8% Read more…
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…