AUDUSD breaks the support – Analysis - 22-09-2017
Economies.com
2017-09-22 04:01AM UTC
The AUDUSD pair continued its negative pressure to break 0.7937 and settled with a daily close below it, which opens the way to extend the bearish correction on the short term basis, to head towards targeting 0.7820 areas as next main target, especially after completing the double top pattern that its signs appear on chart.
Therefore, the bearish trend will be expected in the upcoming sessions unless the price managed to breach 0.7937 level and hold above it again.
Expected trading range for today is between 0.7820 support and 0.8000
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...