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

AUDUSD and AUDNZD: AUDUSD is losing ground below 0.64500

by August 5, 2024
written by August 5, 2024

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.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURGBP and EURCHF: EURCHF fell at a new all-time low
next post
U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown

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

Bitcoin Nears $85K Amid Market Optimism

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

  • Netanyahu blasts ‘Iran’s axis of evil’ after Jordan border terror attack kills 3 Israelis

    September 9, 2024
  • GOP Hegseth holdout presses Defense secretary nominee on her top 3 issues in military

    January 14, 2025
  • Biden camp skipped Super Bowl interview amid Robert Hur report concerns: source

    August 8, 2025
  • Harris says what she’s doing is ‘not new,’ but as president she would take a ‘new approach’ in puzzling answer

    October 29, 2024
  • Dem strategists ratchet up Hitler-Trump comparisons despite concerns about heated rhetoric

    October 15, 2024

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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Are more airplanes crashing now in Trump’s presidency than under Biden?

    February 18, 2025
  • Tencent Stock: Q3 Profit Surges 47%, Gaming and Ads Lead

    November 15, 2024
  • Gazan boy alive after ex-GHF ‘whistleblower’ falsely claimed IDF killed him

    September 25, 2025

Recent Posts

  • Trump administration takes on new battle shutting down initial Iran strike assessments

    June 29, 2025
  • TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

    December 9, 2024
  • Starbucks is reeling as customers go elsewhere, sales decline

    July 31, 2024

Editor’s Pick

  • Russia, China practice destroying ‘enemy’ submarine in naval drill after Trump moves US nuclear assets

    August 6, 2025
  • Trump revokes security detail for Fauci

    January 24, 2025
  • Following key wins, Trump poised for cabinet completion in record time

    February 23, 2025
  • 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