• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Stock

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
Digital Service Provider Hayo Launches Global IoT Platform for Mobile Operators and Enterprises in Developing Markets
next post
The dollar index in a strong bearish trend for a long time

You may also like

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

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

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

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • Semtech Showcases Next-Gen LoRa® Technology at IoT Solutions World Congress 2025

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Categories

    • Economy (679)
    • Editor's Pick (348)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.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 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick