The AUDUSD hits the target – Analysis - 25-05-2023
Economies.com
2023-05-25 04:06AM UTC
The AUDUSD pair succeeded to achieve our waited target at 0.6550 and surpassed it to close the daily candlestick below it, opening the way to continue the decline and head towards our next negative targets that start at 0.6460 and extend to 0.6400.
The negative effect of the head and shoulders’ pattern still active, and supports the expectations of continuing the bearish trend domination in the upcoming sessions, noting that breaching 0.6550 and holding above it will push the price to attempt to build bullish wave and recover on the intraday basis.
The expected trading range for today is between 0.6460 support and 0.6570 resistance
The expected trend for today: Bearish
Forex and Currency 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 ...
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
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...