AUD/USD Price Analysis: Bulls eye a run to test key daily structure AUDUSD Technical Analysis
Bears need to get below the monthly support and until they do, the upside is favourable. China's PMIs came in for the rescue following some very disappointing in local data just beforehand that sent the pair rolling towards the abyss and out of control of the bulls. While the price moved higher, however, there is little room until the next major hurdle as being the daily trendline resistance as illustrated in the above chart.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD Price Analysis: Bulls eye daily trendline resistance and a confluence near 0.6800AUD/USD is making a positive effort for the initial balance of the week, moving up into shorts that built from a breakout below 0.7000 in the middle o
Weiterlesen »
AUD/USD Price Analysis: Reversal lacks strength as risk appetite looks fragileThe AUD/USD pair is struggling to stretch its recovery above the 0.6750 resistance in the Asian session. A recovery move in the Aussie asset from the
Weiterlesen »
AUD/USD Price Analysis: Flat-lines above 0.6700 mark, not out of the woods yetThe AUD/USD pair seesaws between tepid gains/minor losses, though manages to hold its neck above the 0.6700 mark heading into the North American sessi
Weiterlesen »
AUD/NZD Price Analysis: Aussie Retail Sales direct bulls towards 1.0960 key hurdleAUD/NZD bulls keep the reins around the mid-1.0900s while stretching the week-start recovery moves following the strong Australia Retail Sales data on
Weiterlesen »
USD/JPY Price Analysis: Retraces below 136.00 as bulls take a breatherAfter hitting a new YTD high at 136.91, the USD/JPY fell short of piercing the 137.00 figure and is staging a recovery as the New York session progres
Weiterlesen »
EUR/USD Price Analysis: Bulls remain in play while above 1.0580 and eye 1.0700As per the prior analysis, EUR/USD Price Analysis: Bulls on the sidelines in anticipation of a discount, the more composed bulls, tolerant of the init
Weiterlesen »