The AUDUSD hits the target – Analysis - 12-10-2021

Economies.com
2021-10-12 03:35AM UTC

The AUDUSD pair succeeded to achieve our waited target at 0.7360 and settles near it, and we suggest resuming the positive attempts to surpass this level and head towards 0.7405 as a next station.

 

Therefore, the bullish trend will remain valid for the upcoming period supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 0.7290.

 

The expected trading range for today is between 0.7290 support and 0.7400 resistance

 

The expected trend for today: Bullish

Forex and Currency News

GBP/USD news

Forex

Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
EUR/USD 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 News

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 Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Technical Analysis

Forex

The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...