The AUDUSD affected by the positive momentum – Analysis - 20-05-2019

Economies.com
2019-05-20 00:50AM UTC

The AUDUSD pair shows some slight bullish bias after testing the bearish channel’s support line that appears on the chart, and the price is affected by stochastic positivity, but the overall bearish trend still valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 0.6800.

 

We should note that breaching 0.6945 will push the price to test the most important resistance at 0.7044 before any new attempt to decline.

 

The expected trading range for today is between 0.6820 support and 0.6945

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...
USD/JPY news

Forex

Japan sends the stronger warning after yen crashes to 34-year nadir
2024-03-27 08:50AM UTC
Yen tumbled in European trade on Wednesday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...