US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would have been an easy task if not for stabilisation on the day of the NFP release on January 5 and […]
AUDUSD bounces from new six-week low in early Tuesday trading after bears repeatedly faced strong headwinds from solid supports at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA). Fresh recovery attempts pressure strong barriers at 0.6695 (100DMA / daily cloud top) with firm break here needed to ease downside pressure and open way for extension through […]
The post AUD/USD Outlook: Bounce from New Multi-Week Low Needs to Clear Key Barriers to Sideline Larger Bears appeared first on Action Forex.
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