The AUD/USD is affected by the negative momentum – Analysis – 05/01/2023

newzeeland_dollarThe AUDUSD pair rebounds bearishly affected by stochastic negativity, to head towards potential test to the key support 0.6767, noticing that the EMA50 meets this support to add more strength to it, waiting to resume the expected bullish trend for the upcoming period, which its targets begin at 0.6905 and extend to 0.7000.

On the other hand, we should note that breaking 0.6767 followed by 0.6745 levels will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 0.6760 support and 0.6880 resistance

The expected trend for today: Bullish

Origin: Economies

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