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
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
Forex
The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
Forex
The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair's bullish track remains ...