The morning forex technical report for August 23, 2022. What is driving the forex market | Forexlive – WHERE FOREX NEWS LIVES

The morning forex technical report for August 23, 2022. What is driving the forex market | Forexlive


  • What ranges are in play for the USD vs the EUR, JPY, GBP and AUD

  • The EURUSD made one other new low going again to December 2002, reaching to 0.9900. The worth excessive stayed under the swing low from July 2022 at 0.99515 conserving the sellers in agency management. The 14 day RSI is diverging and transferring towards oversold, however the worth nonetheless must get and keep above 0.99515 if the pair goes greater.
  • The USDJPY transfer to a brand new excessive going again to July, and on the draw back stalled simply forward of the June excessive close to 137.00. That retains the patrons in management for the pair.
  • The GBPUSD reached new lows going again to the March 2020 begin of the pandemic shutdown however has seen a modest bounce. The low reached 1.1716. The 1.18000 stage is a minimal stage to get above if the patrons are to notch a win within the brief time period
  • THe AUDUSD fell traded decrease however did discover help on the 61.8% and swing space that bookends that stage between 0.6852 and 0.6858.

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