The AUDUSD price resumes the decline – Forecast today - 27-03-2024
Economies.com
2024-03-27 02:35AM UTC
AUDUSD Price Analysis
- The AUDUSD price tested the EMA50 and bounced bearishly.
- The bearish trend scenario remains valid for the upcoming period.
- The price is approaching the key support at 0.6500$.
- Breaking this level may reinforce the expectations of extending the bearish wave towards 0.6450$ followed by 0.6410$.
Our bearish overview will remain valid, with importance to hold below 0.6570$ to achieve the suggested targets.
The expected trading range for today is between 0.6470$ support and 0.6570$ resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...