The AUD/USD exits the sideways track – Analysis – 03/01/2023

forex-news-aud_1The AUDUSD pair breached 0.6767 level clearly and settled above it, starting today with clear positivity to move away from the mentioned level, to confirm the activation of the positive scenario on the intraday and short term basis, on its way to achieve targets that start at 0.6905 and extend to 0.7000.

Therefore, we are waiting for more rise in the upcoming sessions, supported by stochastic positivity, noting that breaking 0.6767 will stop the positive scenario and press on the price to turn to decline.

The expected trading range for today is between 0.6767 support and 0.6905 resistance

The expected trend for today: Bullish

Origin: Economies

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