Midday update for the AUDUSD 16-12-2021

Economies.com
2021-12-16 10:10AM UTC

The AUDUSD pair resumes its positive trades clearly to complete forming the bullish pattern mentioned this morning, which supports the continuation of our bullish overview efficiently in the upcoming sessions, approaching the first waited target at 0.7205, which breaching it represents the key to rally towards 0.7275 as a next target, while the price needs to hold above 0.7125 to achieve the suggested targets.

 

The expected trading range for today is between 0.7110 support and 0.7220 resistance

 

The expected trend for today: Bullish

Forex and Currency News

GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex News

Forex

Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
EUR/USD news

Forex

Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Technical Analysis

Forex

The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...