The AUDUSD rises calmly – Analysis - 06-07-2020

Economies.com
2020-07-06 04:30AM UTC

The AUDUSD pair provides positive trades to move away gradually from the breached symmetrical triangle, which supports the continuation of our bullish overview, which gets good support by the EMA50, and the way is open to achieve our main waited target at 0.7064.

 

On the other hand, note that breaking 0.6860 will put the price under negative pressure to head towards testing 0.6700 level before any new attempt to rise.

 

The expected trading range for today is between 0.6900 support and 0.7040

 

The expected trend for today: Bullish

Forex and Currency News

USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
GBP/USD news

Forex

Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Technical Analysis

Forex

The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...