• 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
  • ‘Serious loophole’: GOP widens probe into ActBlue, Dem fundraising platform helping Harris raise millions
  • FISA Court opinion reveals a US senator, state senator, state judge got swept up in 702 queries
  • Consumer Expectations Remained at Recessionary Levels in November
  • Conservative group unleashes 6-figure ad campaign targeting Biden’s menthol cigarette ban
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

‘Class warfare’: Wealth tax the latest measure by California Democrats...

January 25, 2023

Cornel West ditches Green Party; now running for president as...

October 6, 2023

Trump tells Israel to ‘finish up’ Gaza offensive because nation...

March 26, 2024

Jeffries shuts down McCarthy claim that Dems are ‘upset’ over...

May 29, 2023

Iranian president makes no mention of Israeli strike despite threatening...

April 20, 2024

Johnson’s new push for Ukraine aid faces divided response from...

April 3, 2024

Hamas transfers 10-month-old Israeli hostage, family to separate Palestinian terror...

November 29, 2023

Republicans rip Biden after Chinese spy balloon shot down: ‘Our...

February 5, 2023

WATCH: Dems dismiss Durham report that found flaws in FBI’s...

May 17, 2023

Fox News Power Rankings: Voters’ appetite for ticket-splitting will decide...

August 12, 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

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

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

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

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

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

      May 7, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,630 views
    • 2

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

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

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

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

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

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

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

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    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

    Down and out: What went wrong...

    January 22, 2024

    Prosecutors drop all charges against Andrew...

    May 16, 2023

    Trump says evangelical leaders not yet...

    January 17, 2023
    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