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

AUDUSD and AUDNZD: AUDUSD has an opportunity to recover

by August 23, 2024
written by August 23, 2024

AUDUSD and AUDNZD: AUDUSD has an opportunity to recover

Yesterday, we watched the AUDUSD pull back from the weekly high to support at 0.67000
During this morning’s Asian trading session, the AUDNZD dropped to a new weekly low at the 1.09094 level

AUDUSD chart analysis

Yesterday, we watched the AUDUSD pull back from the weekly high to support at 0.67000. During this morning’s Asian trading session, the pair managed to stabilize and initiate a bullish consolidation. The daily high was formed at the 0.67300 level, where we received support from the EMA 50 moving average. Everything indicates that there will be a rise to the bullish side and the formation of a daily high.

Potential higher targets are 0.67400 and 0.67600 levels. For a bearish option, we need a negative consolidation and a pullback of AUDUSD below the EMA 50 and 0.67200 levels. This is the first bearish step; the next is a pullback to the 0.67000 daily open price. This time, we could see momentum below and a drop to a new low. Potential lower targets are 0.66800 and 0.66600 levels. The pair could find new support in the EMA 200 moving average in the zone of 0.66800 levels.

 

AUDNZD chart analysis

During this morning’s Asian trading session, the AUDNZD dropped to a new weekly low at the 1.09094 level. We managed to stop there and initiate a bullish consolidation above the daily open price. We are currently at 1.09300 and expect further continuation to the bullish side. In the 1.09400 zone, the pair will meet the EMA 50 moving average before continuing with further recovery to the bullish side.

Potential higher targets are 1.09500 and 1.09600 levels. We expect greater resistance in the 1.09700 zone in the EMA 200 moving average. We need a bearish consolidation of AUDNZD back to the 1.09100 level for a bearish option. With that step, we test the weekly low and have the opportunity to form a new lower one. Potential lower targets are 1.09000 and 1.08900 levels.

 

The post AUDUSD and AUDNZD: AUDUSD has an opportunity to recover appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCHF and USDJPY: USDCHF creates a support zone
next post
The dollar index fell to a new annual low on Wednesday

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

  • MORNING GLORY: The VP debate is an example of Kamala Harris’ horrible judgment when it comes to picking staff

    October 3, 2024
  • NFL season expected to spur record $35 billion in legal sports wagers

    September 4, 2024
  • Timeline: Trump’s Israel-Iran ceasefire nearly collapses hours after announcement

    June 24, 2025
  • Iran’s weakened position could lead it to pursue nuclear weapon, Biden national security adviser warns

    December 24, 2024
  • Trump’s plan to accept a jet as gift from Qatar sparks legal, ethical storm

    May 12, 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

    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 (5,786)
  • Investing (634)
  • Stock (894)

Latest Posts

  • 65% of Democrats say Biden should drop out after debate disaster, poll finds

    July 17, 2024
  • DOGE, EPA team up to claw back $67 million in ‘environmental justice’ grants

    February 24, 2025
  • GREGG JARRETT: Biden lied to all of us when he pardoned Hunter. He put himself first

    December 2, 2024

Recent Posts

  • Biden-appointed judge blocks Trump’s move to only allow two genders on US passports

    June 18, 2025
  • We have to act now to keep AI from becoming a far-left Trojan Horse

    June 10, 2025
  • Biden speech delayed until after primetime

    August 20, 2024

Editor’s Pick

  • Vance says his mission at GOP convention speech is ‘to fire up the crowd tonight’

    July 17, 2024
  • Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

    May 6, 2025
  • ‘He’s like Iron Man’: Jensen Huang lit up London Tech Week — and we were in the room

    June 10, 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