• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy AUDUSD and AUDNZD: New Targets and Prices for Monday
Economy

AUDUSD and AUDNZD: New Targets and Prices for Monday

by October 7, 2024
by October 7, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

AUDUSD and AUDNZD: New Targets and Prices for Monday

Last Friday, AUDUSD retreated to the 0.67856 level, forming a new 15-day low there
Last week, AUDNZD was in a strong bullish trend from 1.08694 to 1.10500

AUDUSD chart analysis

Last Friday, AUDUSD retreated to the 0.67856 level, forming a new 15-day low there. During this morning’s Asian trading session, the pair attempted a bullish consolidation but stopped at the 0.68100 level. The new pressure in that zone did not allow us to continue with the recovery, but we were again forced to turn to the bearish side. The pair is now at 0.67925, returning below the daily open level.

With this move, we will test last week’s low and form this week’s new low. Potential lower targets are 0.67800 and 0.67700 levels. For a bullish option, AUDUSD must first find a new support level. After that, we can expect the start of bullish consolidation. The growth above 0.68100 takes us to a new daily high and confirms the bullish momentum. Potential higher targets are 0.68200 and 0.68300 levels.

 

AUDNZD chart analysis

Last week, AUDNZD was in a strong bullish trend from 1.08694 to 1.10500. During this morning’s Asian trading session, the pair continued to grow, forming a new October high at the 1.10534 level. For now, at the beginning of the EU session, we see a slight pullback to 1.10480, but we remain in the bullish channel. We will wait for new support before proceeding again to the bullish side.

Potential higher targets are 1.10600 and 1.10800 levels. For a bearish option, we need a negative consolidation to the daily open level. Failure of the AUDNZD to hold there will move it below to the downside. After that, the pair will be under pressure to start a further pullback to new support. Potential lower targets are 1.10200 and 1.10000 levels. The first possible support is the EMA 50 moving average in the 1.10300 zone.

 

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

You Might Also Like
  • President Biden cancels Australia visit to continue US debt limit talks
  • Sinema, Manchin rebuke Biden admin’s attack on school archery, hunting programs: ‘gross misinterpretation’
  • Marine industry files lawsuit challenging legality of federal councils cracking down on fishermen
  • Former Maine legislative candidate arrested on Jan. 6-related charges
Share
0
FacebookTwitterPinterestWhatsapp

previous post
CVS is under pressure and considering a breakup. Here’s why that could be risky.
next post
EURUSD and GBPUSD: New week, new targets and prices

You may also like

Wisconsin Supreme Court candidates to debate March 21

March 7, 2023

White House press secretary grilled on past claim that classified...

January 17, 2023

Biden admin faces bipartisan backlash for allowing beef imports from...

February 28, 2024

Soaring popularity of Vance’s ‘Hillbilly Elegy’ rebuts narrative that Trump...

August 1, 2024

The issue that could cost Trump the 2024 campaign

March 13, 2024

Aggregate Demand and Aggregate Supply: Keep It Simple, Stupid!

November 28, 2022

Kamala Harris reassures Democratic Party donors that there’s nothing to...

July 20, 2024

JD Vance rallies voters in his hometown hours after Biden...

July 22, 2024

How the blockbuster Supreme Court presidential immunity ruling impacts the...

July 2, 2024

Maldives bans Israelis from entering country during war in Gaza

June 3, 2024

    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

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Biden admin cracks down on washers,...

    February 11, 2023

    Oklahoma Supreme Court greenlights life-of-mother exception...

    March 23, 2023

    Some Israelis allowed to return to...

    January 2, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here