Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Copper Soars to All-Time High as Trump Unveils...
Radisson Announces Positive Preliminary Economic Assessment for O’Brien...
Triumph Gold
Sranan Gold Provides Progress Update on Drilling Campaign...
Maritime Resources
Completion of Tranche 1 Equity Placement & Cleansing...
5 Silver Stocks With Dividends
Placement Shares Issued & Drilling Approval Expected August
Drilling recommences at Yunndaga
Mark O’Byrne: Gold, Silver Prices Going Much Higher...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500

by admin August 6, 2024
August 6, 2024
AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500

AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500

  • During this morning’s Asian session, we saw the initiation of a new bearish AUDUSD consolidation, which led to a new yearly low at the 0.63484 level.
  • During this morning’s Asian session, the AUDNZD was under pressure to continue last week’s bearish trend. 

AUDUSD chart analysis

During this morning’s Asian session, we saw the initiation of a new bearish AUDUSD consolidation, which led to a new yearly low at the 0.63484 level. The pair managed to gain new support there and initiate a recovery to the 0.64500 level. In the EU session, we are trying to maintain ourselves in that zone to get support for initiating bullish consolidation. If we succeed in this, we can hope for further growth on the bullish side.

Potential higher targets are the 0.65000 and 0.65500 levels. The 0.65500 level is very important because there we meet the EMA 200 moving average, which could be a resistance to further recovery. For a bearish option, AUDUSD would have to initiate a bearish consolidation below the 0.64000 level. With that step, the pair is again forced to test this morning’s low. Potential lower targets are the 0.63500 and 0.63000 levels.

 

AUDNZD chart analysis

During this morning’s Asian session, the AUDNZD was under pressure to continue last week’s bearish trend. We saw that, as well as the formation of a new lower low at the 1.08486 level. The pair is under strong pressure to continue retreating further and form a new low. Potential lower targets are the 1.08400 and 1.08200 levels. This brings us back to the movement of the AUDNZD from June.

For a bullish option, we need another positive consolidation and a return up to the 1.09000 level. With that step, we would move significantly away from the current low. We then need to hold here to try and move back above the daily open price of 1.09300. If we succeed in this, the chances of further recovery to the bullish side increase. Potential higher targets are 1.09400 and 1.09600 levels.

 

The post AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500 appeared first on FinanceBrokerage.

previous post
The euro index recovers while the yen hits a new high
next post
The dollar index in a strong bearish trend for a long time

You may also like

Comprehensive Guide to Money Market Accounts

January 29, 2025

Biden Criticizes Trump Amid Jobless Concerns

August 17, 2024

Nvidia Stock Rises with DJIA Inclusion & AI...

November 12, 2024

S&P 500 and Nasdaq: Nasdaq rises to new...

August 12, 2024

USD/CHF & USD/JPY Analysis: Key Levels and Opportunities

November 4, 2024

Bad start this week for Bitcoin, forming a...

August 6, 2024

China Stock Market: Mixed Signals from China and...

August 3, 2024

Trading Chart Patterns: A Comprehensive Guide

August 31, 2024

ApeCoin and Akita Inu: New Targets and Prices...

September 25, 2024

Gold and Silver: Gold remains high in the...

August 15, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

      July 10, 2025
    • Radisson Announces Positive Preliminary Economic Assessment for O’Brien Gold Project

      July 10, 2025
    • Triumph Gold

      July 10, 2025
    • Sranan Gold Provides Progress Update on Drilling Campaign at the Tapanahony Gold Project in Suriname

      July 10, 2025
    • Maritime Resources

      July 10, 2025
    Promotion Image

    banner ads

    Categories

    • Business (760)
    • Economy (829)
    • Investing (2,378)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2025 smarttradeinsights.com | All Rights Reserved