AUD/USD remains below 20-SMA as the US and China exchange tariffs. Downside risks persist; buyers eye 0.6330 for a bullish shift. AUDUSD plummeted to a nearly five-year low of 0.6086 on Monday before bouncing back to the 0.6200 region. The recovery followed last-minute trade talks between the U.S. and its neighbors Mexico and Canada, which […]
EURJPY struggles to drop beneath 38.2% Fibonacci MACD and RSI have weak momentum EURJPY has been developing within a trading range of 155.15-164.00 over the last couple of months, with strong resistance coming from the 200-day simple moving average (SMA) around 164.40. Technically, the RSI is pointing slightly above the neutral threshold of 50; however, […]
The post EURJPY Moves Within Consolidation Area appeared first on Action Forex.
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