The AUDUSD price gets negative close – Forecast today - 02-04-2024
Economies.com
2024-04-02 01:42AM UTC
Market Analysis for AUDUSD Price
- The AUDUSD price broke the 0.6500$ level clearly and ended yesterday below it, reinforcing the expectations of continuing the bearish trend efficiently for the upcoming period.
- This opens the way to achieve new negative targets starting at 0.6450$ followed by 0.6410$.
- The negative scenario will remain dominant on the intraday basis, supported by the negative pressure formed by the EMA50.
- Breaking 0.6500$ will lead the price to start recovery attempts and head to test 0.6570$ areas initially.
Trading Range Forecast
The expected trading range for today is between 0.6430$ support and 0.6520$ resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...