The AUDUSD presses on the support – Analysis - 24-03-2023
Economies.com
2023-03-24 02:59AM UTC
The AUDUSD pair bounced downwards clearly after approaching 0.6780 level, to start pressing on the key support 0.6665 by today’s open, which hints heading to resume the correctional bearish track, paving the way to head towards 0.6550 as a next main target.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that the consolidation of 0.6665 level against the current negative pressure will lead the price to recover and head towards 0.6780 initially.
The expected trading range for today is between 0.6590 support and 0.6700 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...