AUD USD bounces to the upside 29/01/2013

Economies.com
2013-01-29 05:49AM UTC

The pair bounced to the upside after approaching from the waited full target at 1.0365, where the way seems open now to retest the previously broken neckline level at 1.0485, supported by Stochastic positivity that appears clearly on the four hours time frame.

 

Now, we need to stay aside temporarily, in order to monitor the price behavior according to the critical levels between 1.0365 support and the resistance which begins at 1.0485 followed by 1.0520, where breaching these levels will turn the price back to the bullish bias again.

 

Expected trading range for today is between: 1.0300 support and 1.0510 resistance.

 

Expected trend for today: Neutral

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...