AUDUSD surpasses the first target – Analysis - 12-01-2017
Economies.com
2017-01-12 05:30AM UTC
The AUDUSD pair succeeded to reach our first main waited target at 0.7448, starting today with more bullish bias to breach this level and attempt to build support base above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards 0.7595 as a next main station.
Therefore, we are waiting for more rise today supported by the EMA50, noting that holding above 0.7448 represents the first protecting factor to the continuation of the suggested positive scenario.
Expected trading range for today is between 0.7400 support and 0.7595
Expected trend for today: Bullish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...