Midday update for AUDUSD 22-02-2017
Economies.com
2017-02-22 11:40AM UTC
The AUDUSD pair shows some slight bearish bias now after the first attempt to breach 0.7690 level, as the price is affected by stochastic negativity, waiting to get rid of this negativity and gain enough positive momentum to push trading to continue the main bullish trend.
In general, the bullish trend will remain valid and active for today unless breaking 0.7595 level, reminding you that our main waited target is located at 0.7833.
Expected trading range for today is between 0.7600 support and 0.7833
Expected trend for today: Bullish
Forex and Currency News
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
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex Technical Analysis
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 ...
Forex
The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
Forex
The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair's bullish track remains ...