The AUD/USD is recovering – Analysis – 02/06/2023

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair rallied upwards strongly to breach 0.6550 level and settles above it, starting today with additional positivity to confirm the turn to rise on the intraday basis, and we believe that the way is open to test 0.6660 as a first positive target, noting that breaching it will push the price to 0.6780 areas as a next main station.

Therefore, the bullish trend will be expected for today, noting that breaking 0.6550 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.6570 support and 0.6670 resistance

The expected trend for today: Bullish

Origin: Economies

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