The AUDUSD hits the target – Analysis - 17-06-2021

Economies.com
2021-06-17 04:15AM UTC

The AUDUSD pair succeeded to touch our waited target at 0.7615 and settled there, expecting the continuation of the negative pressure to break this level and open the way to achieve more bearish correction that its next target reaches 0.7500.

 

Therefore, the bearish trend will remain suggested for the upcoming sessions, taking into consideration that failing to achieve the required break will lead the price to start recovery attempts that target visiting 0.7765 areas mainly.

 

The expected trading range for today is between 0.7560 support and 0.7680 resistance

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

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 News

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 ...
USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
NZD USD Analysis

Forex

The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
AUD USD Analysis

Forex

The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...