AUDUSD Continues to Dump - Check out today's technical analysis for the pair here:
sits just above the 0.65 level, which is a large, round, psychologically significant figure, and an area where we had seen selling pressure previously. If we were to break above there, then it could open the possibility of a bigger move, perhaps reaching to the 0.67 level. That’s very unlikely though, as the market has been very negative for quite some time and decisively so.
Every time this market looks tired, I will be shorting it, because I do believe that we are going to go down to the 0.62 level underneath. The 0.62 level is an area where we have seen the market bounce from previously, so if we were to break through that area, it’s likely that the Aussie dollar drops down to the 0.60 level. Ultimately, this is a market that also is highly influenced by the Chinese mainland, and the Asian markets.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AUD/USD hits one-week lows at 0.6350 as Fed Powell boosts the USDThe aussie U-turns from 0.9490 and dives to one-week lows at 0.9350. Fed Powell takes a hawkish stance and sends the USD higher. The dollar suffered
Lire la suite »
AUD/USD Forex Signal: Path of the Least Resistance is LowerThe AUD/USD price dropped slightly in the overnight session as investors reacted to the Federal Reserve statement.
Lire la suite »
USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMCThe Dollar Index’s (DXY) rallied after last nights Federal Reserve interest rate decision bringing the Fed funds target rate to 3.75-4% after the 75bps increase. Get your market update from WVenketas here:
Lire la suite »
Gold Price Forecast: XAU/USD oscillates below $1,640 as market mood turns quiet, US NFP eyedGold price (XAU/USD) is displaying back-and-forth moves in a mild range below $1,640.00 in the Tokyo session. Volatility has been squeezed after a wil
Lire la suite »
GBP/USD Forecast: Breakthrough Bottom of Rising WedgeThe British pound has broken down during the trading session, even though the Bank of England raised interest rates.
Lire la suite »