USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday’s closing price of 1.3765. The […]
The post USDCAD Puts Rally on Hold Near 1.3800 Caution Zone appeared first on Action Forex.
Eurozone’s manufacturing sector remains entrenched in recession as April’s PMI figures highlight ongoing challenges and disparities within the region. The overall Manufacturing PMI for the Eurozone was finalized at 45.7, a slight decrease from March’s Read more…
Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during Read more…
AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle Read more…