AUDUSD keeps its positive stability – Analysis - 17-01-2017

Economies.com
2017-01-17 04:43AM UTC

The AUDUSD pair keeps its stability above 0.7448 level, noticing that stochastic provides positive signals now, besides the continuous positive support provided by the EMA50.

 

Therefore, these factors encourage us to keep our bullish overview for the upcoming sessions, and the way is open to visit 0.7595 level initially, taking into consideration that breaking 0.7448 level will push the price to visit 0.7329 areas before detecting the next destination on the short term basis.

 

Expected trading range for today is between 0.7400 support and 0.7595

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
 US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
AUD/USD news

Forex

Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
  AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
GBP USD Analysis

Forex

The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...