AUDUSD has been in a recovery mode since mid-October when its long-term downtrend hit a bottom at the 32-month low of 0.6169. However, the pair’s rebound appears to be fading as the price has been constantly held down by the 200-day simple moving average (SMA). The momentum indicators currently suggest that bullish forces are subsiding but remain in charge. Specifically, […]
The post AUDUSD Consolidates After 200-day SMA Curbs Advance appeared first on Action Forex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Storing small items can be a Read more…
New Zealand’s manufacturing sector continued to expand in February, with BusinessNZ Performance of Manufacturing Index edging slightly lower from 55.1 to 55.0. While the headline reading dipped marginally, the index remains comfortably above the 50 Read more…
Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…