The AUDUSD achieves slight gains – Analysis - 23-10-2020
Economies.com
2020-10-23 04:02AM UTC
The AUDUSD pair provided slight positive trades to move above 0.7100, approaching the correctional bearish channel’s resistance that appears on the chart, noticing that stochastic returns to the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.6964 level mainly.
On the other hand, we should note that breaching 0.7185 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 0.7050 support and 0.7180
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...