The AUDUSD approaches the target – Analysis - 15-05-2019

Economies.com
2019-05-15 01:03AM UTC

The AUDUSD pair shows calm negative trading to gradually approach our first waited target at 0.6905, and the price still inside the bearish channels that appear on the chart, which supports the chances of extending the bearish wave to reach 0.6800 as a next main station.

 

Therefore, the bearish bias will remain dominant in the upcoming sessions conditioned by the price stability below 0.7044.

 

The expected trading range for today is between 0.6870 support and 0.7000

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
NZD/USD news

Forex

Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
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 ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Technical Analysis

Forex

The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...