AUD USD inside the channel – Analysis - 22/12/2014
Economies.com
2014-12-22 06:27AM UTC
The AUDUSD pair keeps its stability inside the bearish channel that appears on chart, while the EMA50 continues to protect the trading inside this channel, which keeps the bearish trend scenario valid until now, and the price needs to break 0.8115 level to confirm targeting 0.8045 areas.
Stochastic positivity interprets the reasons of the current rise, and we should be aware that breaching 0.8190 might push the price to begin an intraday bullish correction before turning back to resume the overall bearish trend again.
Expected trading range for today is between: 0.8045 support and 0.8220 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price faced temporary negative pressure ...
Forex
The NZDUSD price places higher lows – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price ended yesterday positively to settle ...
Forex
The AUDUSD price is recovering – Forecast today - 02-05-2024
2024-05-02 04:02AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price surpassed 0.6500$ level and settled ...