The AUDUSD price loses momentum – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
AUDUSD Price Analysis
Bearish Trend Continuation
- The AUDUSD price fluctuates within a sideways and tight track, settling around the 0.6525$ level.
- Stochastic indicates a clear loss of positive momentum, signaling a potential resumption of the bearish trend.
- The bearish targets start with breaking the 0.6500$ level, followed by 0.6450$ and 0.6410$.
Support from EMA50
The EMA50 continues to support the suggested bearish wave.
Trading Range
The expected trading range for today is between 0.6460$ support and 0.6570$ resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...