The AUDUSD faces solid support – Analysis - 19-09-2022
Economies.com
2022-09-19 04:14AM UTC
The AUDUSD pair found solid support at 0.6700 level, to show some bullish bias and move above it, noticing that the price begins today with new decline to press on the mentioned level, reinforcing the expectations of continuing the domination of the bearish trend, supported by stochastic loss to the positive momentum, waiting to head towards 0.6610 that represents our next main target.
Therefore, the bearish trend scenario will remain active, noting that breaching 0.6730 will push the price to attempt to recover and achieve gains that reach 0.6800 before any new attempt to decline.
The expected trading range for today is between 0.6640 support and 0.6750 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...