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The Australian dollar continues to climb and has put together a five-day winning streak. The Aussie rose as much as 0.36% earlier but has pared most of these gains and is currently trading at 0.6552 in the European session, up 0.05%. Wage Price Index climbs 4.2% in Q4 Australia’s wage price index (WPI) rose 4.2% […]

The post Australian Dollar Pares Gains after Strong Wage Growth appeared first on Action Forex.

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01/03/2024

AUDUSD Retreats After Rejection at 200-day SMA

AUDUSD was recovering from its lowest level since November But is on the retreat again as 200-day SMA repels advance Momentum indicators are tilted to the downside AUDUSD had been in a steady decline after peaking at 0.6870 in December, violating both its 50- and 200-day simple moving averages (SMAs). Although the pair managed to find its […]
14/06/2024

Japanese Yen Fell to a Six-Week Low after Bank of Japan Ended Its Meeting

  The Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest rate unchanged. Everything went according to expectations. In March, the BoJ raised […]
07/02/2024

XBRUSD: Corrects Towards Supply Zone With Expected Further Downside Towards 75.70

Bearish Scenario: Sales below 78.99 with TP1: 77.93, TP2: 77.45, and upon its breakout TP3: 76.56 and TP4: 75.70. It is recommended to place a stop loss above 79.50, at least 1% of the account capital**. A trailing stop can be used. Bullish Scenario: Purchases above 78.00 (wait for a pullback to this area) with […]