The AUDUSD gathers the positive momentum – Analysis - 23-04-2019
Economies.com
2019-04-23 04:13AM UTC
The AUDUSD pair shows slight bearish bias to approach the intraday bullish channel’s support line, noticing that the EMA50 attempts to form support barrier against the negative attempts, while stochastic enters the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.
Therefore, we will keep our overall bullish overview conditioned by the price stability above 0.7090 and the most important above 0.7044, noting that our next main target is located at 0.7250.
The expected trading range for today is between 0.7080 support and 0.7200
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...