The AUDUSD confirms the break – Analysis - 11-11-2019

Economies.com
2019-11-11 05:52AM UTC

The AUDUSD pair amanaged to confirm breaking the intraday bullish channel’s support, reinforcing the continuation of the expected bearish trend scenario on the intraday and short term basis, waiting for visiting 0.6825 then 0.755 levels as next main targets.

 

Surpassing the EMA50 will ease the mission of continuing the decline, while holding below 0.6895 represents an important condition for achieving the suggested targets.

 

The expected trading range for today is between 0.6800 support and 0.6900

 

The expected trend for today: Bearish

 

 

Forex and Currency News

USD/JPY news

Forex

Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
GBP USD Analysis

Forex

The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...