AUDUSD confirms the pattern’s completion – Analysis - 20-09-2018
Economies.com
2018-09-20 04:18AM UTC
The AUDUSD pair confirmed breaching the neckline of the inverted head and shoulders’ pattern mentioned yesterday, reinforcing the chances of continuing the bullish trend on the intraday basis, as our next target is located at 0.7315, noting that breaching this level will push the price towards 0.7370 that represents the full target of the mentioned pattern.
Therefore, we suggest the continuation of the bullish bias in the upcoming period unless breaking 0.7140 level and holding below it.
Expected trading range for today is between 0.7200 support and 0.7330
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...
Forex
The GBPJPY keeps the positivity – Forecast today – 1-5-2024
2024-05-01 05:25AM UTC
Scenarios and Trading Range Expected Scenarios GBPJPY pair confirmed keeping the bullish ...