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AUD/USD is consolidating gains near 0.6550. NZD/USD is trimming gains and struggling to stay above the 0.5700 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6620 against the US Dollar. There was a break below a key bullish trend line with support at 0.6570 on […]

The post AUD/USD Softens, NZD/USD Faces Fresh Selling Pressure appeared first on Action Forex.

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12/08/2025

EUR/USD Under Pressure All Eyes on US Inflation Data

The EUR/USD pair dipped to 1.1620 on Tuesday following sharp swings in the previous session. Investors are bracing for the release of US inflation data, which could reshape expectations for the Federal Reserve’s interest rate policy. The July CPI is forecast to rise by 0.2% month-on-month, down from 0.3% in June, while the annual rate […]
27/03/2024

GBP/USD Dives While USD/CAD Gains Bullish Pace

GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There was a break below a key rising channel with support at 1.2630 on the […]
26/08/2024

Gold Creates New Bullish Wave Near Record High

Gold rises above short-term SMAs Stochastics turn down MACD and RSI still have positive momentum Gold prices are rallying higher, with the prospect of reaching the record high of 2,531 again. More advances may find resistance at the next round numbers of 2,600 and 2,700. However, the technical signals are mixed. The stochastic oscillator is […]