The AUDUSD approaches the target – Analysis - 31-01-2020
Economies.com
2020-01-31 05:58AM UTC
The AUDUSD pair shows more bearish bias to gradually approach our waited target at 0.6670, falling under continuous negative pressure coming by the EMA50, to support the chances of continuing the bearish wave in the upcoming period, noting that breaking the mentioned level will push the price to 0.6615 as a next negative target.
Therefore, the expected decline will remain valid unless breaching 0.6820 level and holding above it.
The expected trading range for today is between 0.6670 support and 0.6750
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...
Forex
The GBPJPY renews the positive action – Forecast today – 17-5-2024
2024-05-17 07:09AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair overcame temporary negative ...