The AUDUSD keeps its negative stability – Analysis - 03-04-2020
Economies.com
2020-04-03 05:05AM UTC
The AUDUSD pair bounced bearishly after testing 0.6097 level yesterday, to keep the bearish trend scenario active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to test 0.5958 level initially, noting that breaking this level will push the price to 0.5787 as a next main target.
On the other hand, we remind you that breaching 0.6097 will stop the suggested decline and leads the price to achieve new gains that reach 0.6236.
The expected trading range for today is between 0.5900 support and 0.6160
The expected trend for today: Bearish
Forex and Currency News
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...