The AUDUSD price is affected by the negative momentum – Forecast today - 05-04-2024
Economies.com
2024-04-05 01:39AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price ended yesterday with clear negativity, nearing the 0.6570$ level.
- Stochastic negativity influenced this movement, with expectations leaning on this level to resume the expected bullish wave on the intraday basis, targeting 0.6640$.
- The EMA50 continues to support the suggested bullish trend, which remains valid with price stability above 0.6570$.
Expected Trading Range
- Between 0.6540$ support and 0.6650$ resistance.
Trend Forecast: Bullish
Forex and Currency 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 ...
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
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
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 ...
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 ...
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 ...