The AUDUSD attacks the resistance – Analysis - 08-07-2022
Economies.com
2022-07-08 02:03AM UTC
The AUDUSD pair shows additional positive trades by today’s open to attack the bearish channel’s resistance around 0.6850 and attempts to confirm breaching it, which makes us prefer to stay aside until the price confirms its situation according to this level to confirm the next trend clearly.
Note that holding above the mentioned level will push the price to achieve additional gains that reach 0.6960, while trading below it again will reactivate the main negative scenario that its next main target located at 0.6700.
The expected trading range for today is between 0.6790 support and 0.6910 resistance
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...