The AUD/USD keeps its positive stability – Analysis – 10/04/2023

aud_newsThe AUDUSD pair tested the key support 0.6665 and keeps its stability above it, noticing that the price begins to provide positive attempts in attempt to move away from this level, reinforcing the chances of continuing the expected bullish trend on the intraday basis, which targets testing 0.6780 level initially.

Therefore, the positive scenario will remain suggested for the upcoming period, and breaching 0.6695 is required to reinforce the expectations to rise, while breaking 0.6665 represents negative factor that will press on the price to resume the correctional bearish wave.

The expected trading range for today is between 0.6640 support and 0.6730 resistance

The expected trend for today: Bullish

Origin: Economies

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