The AUDUSD price faces solid support – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:41AM UTC
AUDUSD Price Analysis
Forecasts and Analysis
- The AUDUSD price finds solid support around the 0.6570$ level and continues to fluctuate around it.
- Stochastic loses positive momentum, indicating potential resumption of negative trades to break the mentioned level and target 0.6500$ as the next negative station.
- We suggest a bearish trend for the upcoming period, with the possibility of price recovery and a visit to 0.6640$ as the first positive target if 0.6570$ level holds against negative attempts.
Expected Trading Range
The expected trading range for today is between 0.6520$ support and 0.6610$ resistance.
Trend Forecast: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...