Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

AUDUSD falls to a weekly low at 0,6362, AUDNZD in a retreat

AUDUSD falls to a weekly low at 0,6362, AUDNZD in a retreat

AUDUSD continued its pullback today until reaching the 0.63623 support level. 
The AUDNZD retreat continued this week; we fell to a four-week low at the 1.08564 level this morning. 

AUDUSD chart analysis

AUDUSD continued its pullback today until reaching the 0.63623 support level. Strong bearish consolidation did not allow us to relax and initiate a potential recovery. We were under constant pressure from the EMA50 moving average. After falling to a new weekly low this morning, the pair started a recovery to the 0.64250 level. There, we come across the EMA50 again and stop the bullish consolidation.

We need a stronger impulse to move above, at least up to the 0.64400 level. Potential higher targets are 0.64500 and 0.64600 levels. We need a negative consolidation and a new drop below the 0.64000 level for a bearish option. This indicates to us that the AUDUSD is again under bearish pressure and that we are continuing to pull back. Potential lower targets are 0.63800 and 0.63600 levels.

AUDNZD chart analysis

The AUDNZD retreat continued this week; we fell to a four-week low at the 1.08564 level this morning. We stayed down for a short time, and the pair quickly recovered to the 1.08950 level. In this zone, we encounter the EMA200, which exerts new pressure on the pair. If we don’t manage to move above soon, another pullback will follow. Potential lower targets are 1.08800 and 1.08700 levels.

We need a positive consolidation and a move above the 1.09000 level for a bullish option. We are also getting support from the EMA200 moving average, which should reflect positively on the AUDNZD in the future. Potential higher targets are 1.09100 and 1.09200 levels.

The post AUDUSD falls to a weekly low at 0,6362, AUDNZD in a retreat appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, 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

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com