The AUDUSD is retesting – Analysis - 17-02-2021
Economies.com
2021-02-17 05:02AM UTC
The AUDUSD pair provided negative trades to approach retesting the previously breached resistance line that turns into key support now at 0.7725, and the EMA50 meets this support to add more strength to it, while stochastic provides clear positive signals now.
Therefore, these factors support the expectations of continuing the main bullish trend, which its next targets located at 0.7820 followed by 0.7915, while achieving them requires holding above 0.7725.
The expected trading range for today is between 0.7700 support and 0.7820 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...