The AUDUSD faces the moving average – Analysis 23-08-2023

prognoz dollar3The AUDUSD pair faces solid resistance formed by the EMA50 around 0.6455, waiting to get positive motive that assist to push the price to surpass this level and open the way to head towards our next target at 0.6545.

Until now, the bullish trend scenario still active as long as 0.6400 level remains intact, as breaking this level represents negative factor that will push the price to resume the main bearish trend again.

The expected trading range for today is between 0.6380 support and 0.6500 resistance

The expected trend for today: Bullish

Origin: Economies

 

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