The AUDUSD reaches the extended target – Analysis - 17-11-2021
Economies.com
2021-11-17 05:36AM UTC
The AUDUSD pair traded with strong negativity to succed to reach the target at 0.7260, and moves within the bearish channel that appears in the image, which supports the chances for surpassing the mentioned level to head to 0.7200 then 0.7170 levels as next negative stations.
Therefore, the bearish trend will remain valid in the upcoming period, taking into consideration that breaching 0.7315 then 0.7360 levels will stop the current negative pressure and leads the price to attempt to regain the main bullish trend.
The expected trading range for today is between 0.7220 support and 0.7315 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...