AUDUSD declines again – Analysis - 23-02-2018
Economies.com
2018-02-23 05:29AM UTC
The AUDUSD pair begins today’s trading with bearish bias after the rise that it witnessed yesterday, as the EMA50 formed resistance barrier that stopped the price positive attempts, while stochastic provides clear negative signals on the four hours’ time frame.
Therefore, these factors support the chances of continuing the domination of the bearish trend in the upcoming sessions, noting that our next target reaches 0.7726, while breaching 0.7870 represents the key to rally to test 0.7936 areas before detecting the next destination on the short term basis.
Expected trading range for today is between 0.7726 support and 0.7900
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 18-04-2024
2024-04-18 11:09AM UTC
GBP/USD Price Analysis Expected Scenario The GBP/USD price is testing the 1.2480$ ...
Forex
The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...