The AUD/USD attempts to recover – Analysis – 13/03/2023

aud_newsThe AUDUSD pair bounced upwards after approaching our waited target at 0.6550, and we suggest the continuation of the rise to surpass 0.6665 level and head to build bullish wave on the intraday basis, its targets begin at 0.6740 followed by 0.6780 levels.

Therefore, the bullish bias will be suggested for today, and surpassing the EMA50 will ease the mission of achieving the waited targets, taking into consideration that failing to breach 0.6665 will stop the positive scenario and push the price to resume the bearish track again.

The expected trading range for today is between 0.6620 support and 0.6740 resistance

The expected trend for today: Bullish

Origin: Economies


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