The AUDUSD touches the resistance – Analysis - 20-05-2022
Economies.com
2022-05-20 04:27AM UTC
The AUDUSD pair rose again yesterday to test the bearish channel’s resistance line, starting to rebound bearishly by today’s open, to head towards forming new bearish wave on the intrady basis, on its way to achieve negative targets that start at 0.6930 and extend to 0.6825.
Therefore, the bearish bias will be suggested for today, supported by stochastic negativity, noting that it is important to hold below 0.7045 to continue the expected decline.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...