Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

AUDUSD and AUDNZD: AUDNZD continues the bearish trend 

by
June 3, 2024
in Economy
0
AUDUSD and AUDNZD: AUDNZD continues the bearish trend 
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

AUDUSD and AUDNZD: AUDNZD continues the bearish trend 

During this morning’s Asian trading session, the AUDUSD was in retreat from the 0.66650 level, a crucial resistance point. During the Asian session, AUDNZD maintained its bearish consolidation from the previous week, indicating a continuation of the current market trend.

AUDUSD chart analysis

During this morning’s Asian trading session, the AUDUSD was in retreat from the 0.66650 level, a crucial resistance point. In the EU session, the decline continued to the 0.66330 support level, a key level to watch. Now, we are fighting to get back above the EMA200 and the 0.66400 levels, which could signal a potential reversal. If the previous bearish trend prevails, the pair will be forced to fall to a new daily low. Potential lower targets are 0.66300 and 0.66200 levels, which could provide further support.

For a bullish option, it is crucial that we maintain a position above the EMA200 and the 0.66400 level. From this support, we anticipate the start of positive consolidation and a move towards the 0.66500 level. We are also approaching the weekly open price at the 0.66535 level. Potential higher targets are 0.66600 and 0.66700 levels.

 

AUDNZD chart analysis

During the Asian session, AUDNZD maintained its bearish consolidation from the previous week, indicating a continuation of the current market trend. There were no trend changes in the EU session, and the pair is now at a new weekly low at the 1.08080 level. In this zone, we are exerting pressure on last week’s support zone. Any additional pressure could amplify the bearish sentiment and push AUDNZD to a new two-week low.

Potential lower targets are 1.08050 and 1.08000 levels. We need a new positive consolidation and a return above the 1.08200 level for a bullish option. In this way, we see a bottom formation and turn to the bullish side. After that, the AUDNZD would have a new opportunity to initiate growth and move to higher levels. Potential higher targets are 1.08250 and 1.080300 levels.

 

The post AUDUSD and AUDNZD: AUDNZD continues the bearish trend  appeared first on FinanceBrokerage.

Previous Post

Narval ICO: Revolutionizing Web3 Wallet Management

Next Post

The dollar index surged this morning to 104.75 level

Next Post
The dollar index surged this morning to 104.75 level

The dollar index surged this morning to 104.75 level

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Equity Metals

Equity Metals

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Equity Metals

Equity Metals

July 1, 2025
South Harz Potash Limited

South Harz Potash Limited

July 1, 2025
Ian Rodger Appointed Managing Director

Ian Rodger Appointed Managing Director

July 1, 2025
Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

July 1, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

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!

Recent News

Equity Metals

Equity Metals

July 1, 2025
South Harz Potash Limited

South Harz Potash Limited

July 1, 2025
Ian Rodger Appointed Managing Director

Ian Rodger Appointed Managing Director

July 1, 2025
Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

July 1, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved