The AUDUSD price faces solid support – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:38AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price has initiated positive trades at today's open, aiming to breach the 0.6410$ level, influenced by stochastic positivity.
- However, we will rely on yesterday's close below this level to continue suggesting a bearish trend for the upcoming period, primarily targeting 0.6340$ areas.
- Therefore, we anticipate negative trades in the upcoming period, with consolidation above 0.6410$ potentially leading to an intraday bullish wave, targeting the next main level at 0.6500$.
Expected Trading Range
Between 0.6360$ support and 0.6460$ resistance.
Trend Forecast: Bearish
Forex and Currency News
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
Forex
The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...