The AUDUSD surpasses the target – Analysis - 24-03-2021
Economies.com
2021-03-24 05:13AM UTC
The AUDUSD pair succeeded to achieve our waited target at 0.7615 and surpassed it to settle below it now, which confirms the continuation of the bearish wave in the upcoming period, paving the way to head towards 0.7500 as a next target.
The EMA50 supports the suggested negative scenario, taking into consideration that failing to hold below 0.7615 will lead the price to start recovery attempts that target testing 0.7765 areas initially.
The expected trading range for today is between 0.7540 support and 0.7650 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 ...