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

AUDUSD and AUDNZD: AUDUSD is  under pressure on Friday

by August 9, 2024
written by August 9, 2024

AUDUSD and AUDNZD: AUDUSD is  under pressure on Friday

During this morning’s Asian session, AUDUSD rose to the 0.66054 level, forming a new weekly high there.
Thursday was very positive for AUDNZD as we saw bullish consolidation from 1.08700 to 1.09800. 

AUDUSD chart analysis

During this morning’s Asian session, AUDUSD rose to the 0.66054 level, forming a new weekly high there. After that, there was a stop at that level and a pullback to the 0.65750 level. We have the EMA 50 moving average a little below that, which could slow or stop further pullback. Potential lower targets are 0.65400 and 0.65200 levels.

At the 0.65400 zone, AUDUSD could test the EMA 200 moving average before continuing its pullback. For a bullish option, we need positive consolidation and support from the EMA 50 moving average. If we manage to secure that, we can hope for further recovery to the bullish side. And with potential higher targets at 0.66200 and 0.66400 levels, there’s reason to be hopeful.

 

AUDNZD chart analysis

Thursday was very positive for AUDNZD as we saw bullish consolidation from 1.08700 to 1.09800. During this morning’s Asian trading session, the pair encountered resistance at the new high and started to pull back. The EMA 200 moving average creates additional pressure, forcing us to pull back. The pair is now at 1.09285, forming a new daily low. It is quite possible that there will be a sudden increase in bearish momentum and a fall to new lower levels.

Potential lower targets are 1.09000 and 1.08800 levels. For a bullish option, we need a positive consolidation of AUDNZD above the 1.09600 level. Here, we hope for support from the EMA 200 before we start conquering higher levels. Potential higher targets are 1.10000 and 1.10200 levels. This week’s AUDNZD high is somewhere in between at 1.10086.

 

The post AUDUSD and AUDNZD: AUDUSD is  under pressure on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURAUD AND EURNZD: Euro drops to new weekly lows
next post
Storm Debby Brings Heavy Rainfall, Flooding to Carolinas

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

  • SCOOP: House Republican eyes bid for Thom Tillis Senate seat after Trump attack

    June 29, 2025
  • Disney to combine its Hulu+ Live TV with streamer Fubo

    January 6, 2025
  • ‘Wasteful and dangerous’: DOGE’s top five most shocking revelations

    February 15, 2025
  • Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

    July 12, 2025
  • Kamala Harris’ new climate director said she is hesitant to have children because of climate change threats

    September 10, 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 (5,783)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Iran acknowledges death toll from Israel’s strike on notorious Evin prison

    June 30, 2025
  • Trump, Senate GOP budget leaders huddle at White House on reconciliation bill

    April 2, 2025
  • Brazil’s Nubank invests $150 million in Tyme Group to expand digital banking offerings

    December 17, 2024

Recent Posts

  • McConnell criticizes federal judges for reversing retirement decisions as ‘open partisanship’

    December 3, 2024
  • Senate confirms Trump pick to lead independent Nuclear Regulatory Commission

    July 29, 2025
  • Trump China tariff truce ignites stock markets – will it also pump up president’s poll numbers?

    May 12, 2025

Editor’s Pick

  • Big Lots files for bankruptcy protection as it promises to keep offering ‘extreme bargains’

    September 10, 2024
  • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

    July 10, 2025
  • Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut

    July 17, 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