The AUDUSD hits the target – Analysis - 10-06-2022
Economies.com
1 year ago
The AUDUSD pair broke 0.7160 level strongly to rally bearishly and touch our waited target at 0.7100, and we expect the continuation of the negative pressure in the upcoming sessions to achieve more negative targets that reach 0.7050 followed by 0.6995.
Therefore, we are waiting for more decline on the intraday basis, noting that breaching 0.7160 will stop the current negative pressure and lead the price to attempt to regain the bullish trend again.
The expected trading range for today is between 0.7040 support and 0.7140 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro trades near six-month low ahead of major European data
15 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex
Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
Forex
Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
Forex
Midday update for the GBPUSD 22-09-2023
11 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...