The AUDUSD price reaches the target – Forecast today - 20-03-2024
Economies.com
2024-03-20 03:02AM UTC
The AUDUSD price reached few pips away from our waited target at 0.6500, to show some slight bullish bias and head towards potential test to the key resistance 0.6570, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.6570, noting that breaking 0.6500 will push the price towards 0.6450 followed by 0.6410 levels as next negative targets.
The expected trading range for today is between 0.6480 support and 0.6580 resistance
Trend forecast: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
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 Technical Analysis
Forex
The USDCHF price awaits the breach – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
USDCHF Price Analysis The USDCHF price continues to fluctuate around 0.9150 level and finds ...
Forex
The NZDUSD price begins with new positivity – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
NZDUSD Price Analysis The NZDUSD price shows new positive trades by today’s open, to ...
Forex
The AUDUSD price hits the target – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
AUDUSD Price Analysis The AUDUSD price succeeded to achieve our waited target at 0.6570$ by ...