Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Economy

AUDUSD and AUDNZD: AUDUSD stopped at 0.66800 this morning

AUDUSD and AUDNZD: AUDUSD stopped at 0.66800 this morning

This week, we have seen AUDUSD move into a sideways consolidation in the 0.66300-0.66900 range.
AUDNZD falls to the 1.07340 support level on Thursday, forming a weekly low there.

AUDUSD chart analysis

This week, we have seen AUDUSD move into a sideways consolidation in the 0.66300-0.66900 range. During this morning’s Asian trading session, the pair climbed to the 0.66800 level. After that, we encounter resistance and start pulling back to the current support at the 0.66600 level. Here, we meet the EMA50 moving average and are holding above it for now.

If the support does not hold, the AUDUSD should continue to pull back further. Potential lower targets are 0.66500 and 0.66400 levels. Additional support is EMA200 in the weekly open price zone at 0.66535. We need a positive consolidation and a move above the 0.66700 level for a bullish option. There, we get support from the daily open price, and we can hope for a recovery on the bullish side. Potential higher targets are 0.66800 and 0.66900 levels.

 

AUDNZD chart analysis

AUDNZD falls to the 1.07340 support level on Thursday, forming a weekly low there. After that, we see the initiation of a bullish consolidation up to the 1.07500 level. During this morning’s Asian session, the pair continues to recover, gaining support from the EMA50 moving average. A daily high was formed at the 1.07760 level. From that level, we see a slight pullback to support at 1.07650.

AUDNZD has a new opportunity to initiate a continuation of bullish consolidation from there. Potential higher targets are 1.07800 and 1.07900 levels. We need a negative consolidation and pullback below the EMA50 to the 1.07500 level for a bearish option. With that step, we move to the bearish side, confirming that the pair is losing strength and must look for new support. Potential lower targets are 1.07400 and 1.07300 levels.

 

The post AUDUSD and AUDNZD: AUDUSD stopped at 0.66800 this morning appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Source: Ark Invest / Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC)...

    Latest News

    A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Stock

    Popeyes is expanding its menu beyond chicken sandwiches — and it’s a permanent change this time. The fast-food chain announced Wednesday it’s adding five...

    Disclaimer: Incomeinnovatorhub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 incomeinnovatorhub.com