AUD/USD Price Analysis: Bulls are trying to pull away with eyes set on the 0.7000s – by fx_ross AUDUSD Technical Analysis
The price has been carving out a broadening formation and should the bulls commit, then there is room to go to the upside for theHowever, the weekly chart's W-formation is worth noting as a potential hindrance with the 50% mean reversion level aligning with the neckline of the pattern. For the open, the bulls could well emerge from the presumed support base and the confluence of the 50% mean reversion area and a prior hourly high/resistance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/USD Price Analysis: Stills bearish on buyers failure at 1.2220GBP/USD Price Analysis: Stills bearish on buyers failure at 1.2220 – by christianborjon GBPUSD Majors Technical Analysis SupportResistance PivotPoints
Leer más »
Weekly Forex Forecast - AUDUSD, USD/JPY, EUR/USD, GBP/USDStart the week of August 1, 2022 with our Forex forecast focusing on major currency pairs here.
Leer más »
Away luggage launches F.A.R technical line: Tried, tested and reviewedShopping Essentials: Away luggage launches F.A.R technical line: Tried, tested and reviewed
Leer más »
Forex Forecast: Pairs in Focus \u2013 USD/JPY, GBP/USD, S\u0026P 500Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 1, 2022 here.
Leer más »
Bitcoin due 'one of greatest bull markets' as July gains circle 20%BTC price performance could soon return to bull market style, says one analyst as Bitcoin prepares to seal best monthly gains since all-time highs.
Leer más »
After inflation, people making U.S. minimum wage are earning less now than 60 years agoAnalysis of Consumer Price Index data found that the $7.25 federal minimum wage hasn't been worth less since 1956, when it was 75 cents, or $7.19 today.
Leer más »