The AUDUSD price forecast update 04-04-2024

Economies.com
2024-04-04 09:47AM UTC

AUDUSD Price Analysis

Expected Scenario

  • The AUDUSD price breached 0.6570$ level clearly to confirm the continuation of the bullish trend domination in the upcoming sessions.
  • Opening the way to head towards our next waited target at 0.6640$, to keep the bullish trend scenario valid and active.

Expected Outcome

Noting that the continuation of the bullish wave requires holding above 0.6570$.

Expected Trading Range

Between 0.6540$ support and 0.6630$ resistance.

Trend Forecast: Bullish

Forex and Currency News

Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
EUR/USD news

Forex

Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Technical Analysis

Forex

The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...