AUDUSD needs the positive momentum – Analysis - 21-07-2017
Economies.com
2017-07-21 03:33AM UTC
The AUDUSD pair shows sideways trading since yesterday settling around 0.7940 level, as the price is affected by stochastic negativity that blocks the continuation of the recently suggested positive scenario, which might force the price to provide more sideways trading until it gets enough positive momentum to push the price to continue the rise.
In general, we will continue to suggest the bullish trend as long as the price holds above 0.7830, noting that breaching 0.8000 level will confirm extending the bullish wave to reach 0.8115 as a next main station.
Expected trading range for today is between 0.7830 support and 0.8050
Expected trend for today: Bullish
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 USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...