AUDUSD extends downtrend to a more-than-a-year low A pause is likely, but negative trend could stay in play FOMC policy announcement due at 19:00 GMT AUDUSD is caught in a relentless downtrend, plunging to a 14-month low of 0.6308 on Wednesday following the close below the long-term support trendline from October 2022. As global markets […]
Key Highlights EUR/USD started a fresh decline below the 1.0820 support zone. A key bearish trend line is forming with resistance at 1.0875 on the 4-hour chart. Gold prices rallied further above the $2,250 resistance. The US ISM Manufacturing Index could increase from 47.8 to 48.4 in March 2024. EUR/USD Technical Analysis The Euro started […]
The post EUR/USD Turns Red and Signals More Downsides appeared first on Action Forex.
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