The AUDUSD visits the channel’s resistance – Analysis - 29-09-2022
Economies.com
2022-09-29 04:13AM UTC
The AUDUSD pair traded with strong positivity yesterday to breach 0.6445 level and reach the bearish channel’s resistance that appears on the chart, noticing that the price begins to rebound bearishly now, and according to the trading rules inside the channels, the price is on its way to decline again and head to visit 0.6360 areas mainly.
Therefore, we expect to witness more bearish bias in the upcoming sessions supported by stochastic and the EMA50 negativity, noting that breaching 0.6520 will stop the suggested negative scenario and push the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.6400 support and 0.6530 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 USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...