AUD/USD Price Analysis: Bears are dominating the bias with eye son break of 0.6900 AUDUSD Technical Analysis
, ''we have 0.6950 to clear before a bullish thesis can be solidified, so it is a case of seeing how the opening range on Monday develops.''
The market was essentially stuck in a range into the data so picking which side to bias one way or the other was a task of improbable outcomes unless hedging your bets. However, with the dust settling, the price is up high in the consolidative range and there could be a bearish thesis drawn as follows: A break below 0.6950 opens risk of a test of 0.
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.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
AUD/USD Price Analysis: Approaches H&S neckline below 0.6900The AUD/USD pair has shown a responsive buying action after surrendering the round-level support of 0.6900 in the Asian session. The Aussie asset has
Les mer »
AUD/USD Price Analysis: Volatility contracts as investors await US InflationThe AUD/USD pair is looking for demand after a minor correction to near 0.6950 in the Tokyo session. The Aussie asset is expected to display a sideway
Les mer »
WTI Price Analysis: Bears seek a break of $79.00 to open the flood gatesWest Texas Intermediate, WTI, crude oil rallied on Monday, climbing from early weakness to be sold off in New York at the highs of the day into demand
Les mer »
NZD/USD Price Analysis: Bears approach five-week-old support near 0.6280NZD/USD Price Analysis: Bears approach five-week-old support near 0.6280 NZDUSD Technical Analysis ChartPatterns SupportResistance TrendFollowing
Les mer »
AUD/JPY Price Analysis: Bullish triangle, 200-SMA probe bears near 91.00AUD/JPY clings to mild gains around 91.00 as global markets remain dicey during early Monday. In doing so, the cross-currency pair seesaws inside a we
Les mer »
Silver Price Analysis: XAG/USD refreshes 10-week low as bears attack 100-DMASilver price (XAG/USD) drops 0.85% intraday as it renews the 2.5-month low near $21.80 during early Monday. In doing so, the bright metal pokes the 10
Les mer »