• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

AUDUSD and AUDNZD: AUDUSD was close to visiting 0.68000

by July 12, 2024
written by July 12, 2024

AUDUSD and AUDNZD: AUDUSD was close to visiting 0.68000

AUDUSD took advantage of the dollar’s decline yesterday and climbed to the 0.67986 level. 
During this morning’s Asian trading session, AUDNZD rose to the 1.11182 level.

AUDUSD chart analysis

AUDUSD took advantage of the dollar’s decline yesterday and climbed to the 0.67986 level. After that, the pair stopped there and started a pullback to the 0.67550 level. Here, we get support from the EMA 50 moving average, which stopped further pullback. During this morning’s Asian trading session, we see the initiation of a bullish consolidation up to the 0.67800 level. A new high was formed compared to this morning’s, which could trigger further recovery on the bullish side.

Potential higher targets are the 0.67900 and 0.68000 levels. For a bearish option, we need a negative consolidation and pullback below the EMA 50 moving average and the 0.67550 level. This would increase the pressure on AUDUSD to initiate a further pullback and look for new support at lower levels. Potential lower targets are the 0.67400 and 0.67300 levels.

 

AUDNZD chart analysis

During this morning’s Asian trading session, AUDNZD rose to the 1.11182 level. On Wednesday, the Reserve Bank of New Zealand announced that it would leave the interest rate unchanged at 5.50%. This information brought down the value of the New Zealand currency, and AUDNZD jumped from 1.09900 to 1.10900. We are now testing that high and looking for support at the EMA 50 moving average.

Despite the bearish consolidation since this morning, there’s hope for recovery. An impulse below the 1.10800 level could easily happen, but potential lower targets are the 1.10700 and 1.10600 levels. A positive consolidation and a move above the 1.11000 level could signal a bullish option and the start of recovery. We expect to see AUDNZD at higher levels after that, with potential higher targets at the 1.11100 and 1.11200 levels.

 

The post AUDUSD and AUDNZD: AUDUSD was close to visiting 0.68000 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
S&P 500 and Nasdaq fell under bear pressure yesterday
next post
After a month, the dollar index is back at the 104.00 level

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


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!

Latest News

  • Long OTIS: Otis Worldwide Corp Near Breakout, Enter Trade During Consolidation Phase

    July 23, 2024
  • Bolton may be in hot water as FBI investigation expands beyond controversial book

    August 26, 2025
  • Trump envoy meets Putin in Russia as Trump fumes over stalled Ukraine peace talks

    April 11, 2025
  • Iran and Russia close in on deal as Tehran threatens revenge against Israel

    October 31, 2024
  • Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs

    February 5, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,581)
  • Investing (634)
  • Stock (946)

Latest Posts

  • Justice Jackson’s role in ‘queer’ Broadway show ‘really reckless’ as court weighs trans case: legal expert

    December 18, 2024
  • USDCHF and USDJPY: New Weekly Targets and Prices

    October 7, 2024
  • Increased sausage demand may be a red flag for the economy, Dallas Fed survey says

    August 27, 2024

Recent Posts

  • Iran attacks US base in Qatar, Trump thanks Tehran for advance notice and ‘very weak response’

    June 23, 2025
  • Trump-backed spending bill goes down in flames as shutdown clock ticks down

    December 20, 2024
  • 3 numbers that explain November election results – it wasn’t about Kamala

    December 6, 2024

Editor’s Pick

  • Succeeding Trump: 6 Republican potential presidential hopefuls to keep your eyes on in 2028

    May 28, 2025
  • What Trump’s Nvidia and AMD China deal means for the world

    August 12, 2025
  • USDCHF and USDJPI: USDJPI falls under pressure this morning

    August 5, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock