AUDUSD hovers around the support – Analysis - 11-12-2017
Economies.com
2017-12-11 04:55AM UTC
The AUDUSD pair fluctuates around 0.7516 level and moves above it now, while the EMA50 keeps pushing negatively on the price, reinforcing the chances of continuing the expected bearish trend for the upcoming period, besides stochastic losing its bullish momentum gradually.
Therefore, our bearish overview will remain active on the intraday and short term basis unless the price managed to breach 0.7545 followed by 0.7575 levels and hold above them, reminding you that our next main target is located at 0.7415.
Expected trading range for today is between 0.7430 support and 0.7575
Expected trend for today: Bearish
Forex and Currency News
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
Forex
The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...