• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Economy

AUDUSD and AUDNZD: New Weekly Targets and Prices

by October 14, 2024
written by October 14, 2024

AUDUSD and AUDNZD: New Weekly Targets and Prices

At the market opening this morning, AUDUSD made a bearish gap and started a new pullback
During this morning’s Asian trading session, AUDNZD traded in the 1.10400-1.10700 range

AUDUSD chart analysis

At the market opening this morning, AUDUSD made a bearish gap and started a new pullback. We failed to move above 0.67400 and EMA 50 moving average. This led us to initiate a bearish consolidation around the 0.67200 level. If the pair continues this trend, we expect to see a test of 0.67000 and thus test last week’s low. Potential lower targets are 0.66800 and 0.666600 levels.

For a bullish option, the AUDUSD must first stabilize before initiating a bullish consolidation. Then, we hope for a return above the 0.67500 daily open level. With that, we move to the positive side and close this morning’s gap. After that, the AUDUSD has an opportunity to subdue the bullish consolidation and continue the recovery. Potential higher targets are 0.67600 and 0.67800 levels. Additional resistance to our teaching on the bullish side is the EMA 200 moving average in the 0.67800 zone.

 

AUDNZD chart analysis

During this morning’s Asian trading session, AUDNZD traded in the 1.10400-1.10700 range. The pair has solid support, and if it holds there, we could see the initiation of a bullish consolidation above today’s high. This gives us enough momentum to stay on the positive side. Potential higher targets are 1.10700 and 1.10800 levels. Last week’s high is another step to 1.10900.

For a bearish option, we need AUDNZD to fall below the daily open level first. After that, we will see the strengthening of bearish pressure on the pair to continue further retreat towards 1.10300, where the EMA 200 moving average awaits us. This time, we expect a breakout below as well as an increase in bearish momentum. Potential lower targets are 1.10200 and 1.10100 levels.

 

The post AUDUSD and AUDNZD: New Weekly Targets and Prices appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Denmark’s Lundbeck to buy Longboard Pharma in $2.6 billion deal
next post
EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

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

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

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

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

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
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Tax fraud investigators search Netflix offices in Paris and Amsterdam, says source
    • Earnings call: LeMaitre Vascular reports robust Q3 growth, plans expansion

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy