Key Highlights AUD/USD started a fresh increase above the 0.7025 resistance. A rising channel is forming with support near 0.7050 on the 4-hour chart. EUR/USD failed near the 1.1580 resistance and dipped. WTI Crude Oil prices could face hurdles near $84.20 and $85.00. AUD/USD Technical Analysis The Aussie Dollar formed a base above 0.6980 against […]
The post AUD/USD Slips After Rally, Yet Bulls May Find Support appeared first on ActionForex.
RBA Assistant Governor Christopher Kent said in a speech today that monetary policy is “somewhat restrictive” and that tightening delivered earlier this year is working through economy. He pointed to higher borrowing costs and mortgage Read more…
Japan’s producer inflation eased slightly in July, but imported cost pressures remained elevated as weak Yen continued to amplify overseas price increases. Corporate Goods Price Index slowed from revised 7.3% to 7.2% y/y, undershooting 7.4% Read more…
GBPUSD: ⬇️ Sell – GBPUSD reversed from resistance level 1.3555 – Likely to fall to support level 1.3450 GBPUSD currency pair recently reversed down sharply from the key resistance level 1.3555 (which stopped the previous Read more…