The AUDUSD faces solid support – Analysis - 19-09-2022
Economies.com
2022-09-19 04:14AM UTC
The AUDUSD pair found solid support at 0.6700 level, to show some bullish bias and move above it, noticing that the price begins today with new decline to press on the mentioned level, reinforcing the expectations of continuing the domination of the bearish trend, supported by stochastic loss to the positive momentum, waiting to head towards 0.6610 that represents our next main target.
Therefore, the bearish trend scenario will remain active, noting that breaching 0.6730 will push the price to attempt to recover and achieve gains that reach 0.6800 before any new attempt to decline.
The expected trading range for today is between 0.6640 support and 0.6750 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses 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 ...