The AUDUSD hits the first target – Analysis - 17-12-2021
Economies.com
2021-12-17 05:31AM UTC
The AUDUSD pair touched our first waited target at 0.7205 but it couldn’t manage to confirm breaching it, to rebound bearishly and head to resume the main bearish trend, on its way to test 0.7125 initially, noting that breaking this level will confirm the continuation of the bearish bias in the upcoming period.
Therefore, we expect to witness negative trades today, taking into consideration that breaching 0.7205 will stop the expected decline and lead the price to achieve more bullish correction.
The expected trading range for today is between 0.7100 support and 0.7205 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The USDCHF price under the negative pressure – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price begins today with strong decline ...
Forex
The NZDUSD price declines again – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price couldn’t manage to hold ...
Forex
The AUDUSD price breaks the support – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price ended yesterday negatively, and ...