AUDUSD confirms the pattern’s completion – Analysis - 20-09-2018
Economies.com
2018-09-20 04:18AM UTC
The AUDUSD pair confirmed breaching the neckline of the inverted head and shoulders’ pattern mentioned yesterday, reinforcing the chances of continuing the bullish trend on the intraday basis, as our next target is located at 0.7315, noting that breaching this level will push the price towards 0.7370 that represents the full target of the mentioned pattern.
Therefore, we suggest the continuation of the bullish bias in the upcoming period unless breaking 0.7140 level and holding below it.
Expected trading range for today is between 0.7200 support and 0.7330
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...