The AUDUSD approaches the support – Analysis - 22-01-2020
Economies.com
2020-01-22 05:48AM UTC
The AUDUSD pair shows more bearish bias to reach the bullish channel’s support line, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the positive trades inside the mentioned channel followed by heading towards 0.7015 that represents the main positive target.
Therefore, the bullish trend scenario will remain valid unless breaking 0.6805 level and holding with a daily close below it.
The expected trading range for today is between 0.6805 support and 0.6890
The expected trend for today: Bullish
Forex and Currency News
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex
Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...