AUDUSD tests the resistance – Analysis - 18-05-2017
Economies.com
2017-05-18 04:20AM UTC
The AUDUSD pair opened today's trading with clear positivity to test the key resistance 0.7451, accompanied by stochastic reach to the overbought areas, which forms negative pressure that we expect to push the price to decline again.
Therefore, the chances still valid to resume the recently suggested bearish trend, which its first target located at 0.7383, noting that holding above 0.7451 will stop the expected decline and lead the price to target 0.7519 followed by 0.7604 levels mainly.
Expected trading range for today is between 0.7350 support and 0.7519
Expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
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 Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...