AUDUSD affected by the negative momentum – Analysis - 23-01-2018
Economies.com
2018-01-23 05:49AM UTC
The AUDUSD pair begins today’s trading with bearish bias on its way for new test to the key support 0.7936, affected by stochastic negativity, and as long as the price is above this level, the bullish trend scenario will remain valid for the upcoming period, supported by the EMA50, waiting to visit 0.8125 level as a next target.
We should note that breaking 0.7936 will put the price under negative pressure that its targets begin at 0.7820 before any new attempt to rise.
Expected trading range for today is between 0.7930 support and 0.8080
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...
Forex
The EURJPY under the correctional effect – Forecast today – 16-5-2024
2024-05-16 05:38AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair provided a new negative close ...