AUD USD resumes the decline – Analysis - 25/05/2015
Economies.com
2015-05-25 04:51AM UTC
The AUDUSD pair traded with clear negativity after testing the EMA50 on last Friday, to touch our first main target at 0.7800, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and breaking the mentioned level will confirm extending the bearish wave towards our next target at 0.7680.
Therefore, we will continue to suggest the bearish trend in the upcoming period supported by the negative pressure that comes from the EMA50, noting that breaching 0.7925 level might stop the bearish bias and push the price to retest 0.8040 areas before any new attempt to decline.
Expected trading range for today is between 0.7700 support and 0.7925
Expected trend for today: Bearish
Forex and Currency News
Forex
Aussie backs off four-month high despite RBA's aggressiveness
2024-05-21 03:51AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending ...
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 21-05-2024
2024-05-21 10:08AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price resumes its positive trading and ...
Forex
The EURUSD price forecast update - 21-05-2024
2024-05-21 10:08AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows sideways trades to test ...
Forex
The GBPCHF confirms the positivity – Forecast today – 21-5-2024
2024-05-21 05:11AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price confirmed moving to the bullish ...