The AUDUSD resumes the decline – Analysis - 23-09-2022
Economies.com
2022-09-23 04:06AM UTC
The AUDUSD pair’s rise stopped at the minor bearish channel’s resistance that appears on the chart, to start declining by today’s open, on its way to resume the main bearish wave, waiting to visit 0.6550 followed by 0.6500 levels as main negative targets.
Therefore, we expect to witness more decline in the upcoming sessions supported by stochastic negativity that appears clearly now, noting that the continuation of the bearish wave depends on the price stability below 0.6700.
The expected trading range for today is between 0.6550 support and 0.6680 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro backs off three-month ahead of European inflation data
2023-11-30 08:23AM UTC
Euro fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Dollar slides to three-month trough ahead of US growth data
2023-11-29 11:07AM UTC
Dollar declined in European trade on Wednesday against a basket of major rivals, sharpening losses ...
Forex
Euro climbs above $1.1 for first time in three months
2023-11-29 07:28AM UTC
Euro rose in European trade on Wednesday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
Midday update for the EURUSD 30-11-2023
2023-11-30 09:19AM UTC
The EURUSD pair faces strong negative pressure to break 1.0960 and attack the bullish ...
Forex
The EURJPY exits the bullish track – Analysis – 30-11-2023
2023-11-30 05:49AM UTC
The EURJPY pair succeeded to break the bullish channel’s support line at 161.70, to notice ...
Forex
The GBPJPY continues the correctional decline – Analysis – 30-11-2023
2023-11-30 05:48AM UTC
The GBPJPY pair confirmed its surrender to the domination of the correctional bearish bias by ...