The AUDUSD approaches the target – Analysis - 30-03-2020

Economies.com
2020-03-30 04:43AM UTC

The AUDUSD pair resumed its positive trading to breach 0.6097 level and settles above it, while starting today with slight decline to approach testing the support base formed at the mentioned level, waiting to resume the bullish bias to visit 0.6236 level that represents our next positive target.

 

Therefore, we will continue  to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave conditions holding above 0.6097 and the most important above 0.5958.

 

The expected trading range for today is between 0.6060 support and 0.6236

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...