AUDUSD tests the neckline – Analysis - 19-09-2018

Economies.com
2018-09-19 03:57AM UTC

The AUDUSD pair begins to test the neckline of the inverted head and shoulders’ pattern that appears on the chart, waiting to breach this level to confirm rallying upwards towards our expected target at 0.7315, reminding you that the full target of the pattern reaches 0.7370.

 

Therefore, we will keep our bullish overview on the intraday basis conditioned by the price stability above 0.7140.

 

Expected trading range for today is between 0.7170 support and 0.7315

 

Expected trend for today: Bullish

Forex and Currency News

Forex 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 ...
EUR/USD news

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 News

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

NZD USD Analysis

Forex

The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
GBP USD Analysis

Forex

The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...