The AUDUSD consolidates above the support – Analysis 22-08-2023

forex-news-aud_1The AUDUSD pair couldn’t manage to break 0.6400 level, to start providing positive trades that hint heading to achieve expected gains on the intraday basis, on its way to visit 0.6545 areas mainly.

Therefore, the bullish bias will be suggested for today, and breaching 0.6455 will ease the mission of achieving the expected rise, while breaking 0.6400 represents the key to resume the main bearish wave and head towards 0.6310 areas on the near-term basis.

The expected trading range for today is between 0.6380 support and 0.6480 resistance

The expected trend for today: Bullish

Origin: Economies

 

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