AUDUSD trades within a narrow consolidation under new 2025 high (0.6563) for the second consecutive day and keeps firm bullish stance for now. Technical picture remains firmly bullish on daily chart (the action is underpinned by thick ascending daily Ichimoku cloud), with additional positive signal from massive bullish engulfing on weekly chart and the pair […]
The post AUDUSD: Larger Bulls Take a Breather Under New 2025 Peak appeared first on Action Forex.
EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. Read more…
USD/JPY’s rally from 152.25 continued last week and outlook is unchanged. Initial bias stays on the upside this week for retesting 159.44 high. On the downside, below 156.44 support will turn bias neutral first. Overall, Read more…
GBP/USD fell to 1.3252 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 1.3574 resistance holds, in case of stronger rebound. On Read more…