The AUDUSD surpasses the minor resistance – Analysis 24-08-2023

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair managed to surpass 0.6455 level and hold above it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our main waited target at 0.6545.

Therefore, the bullish trend will remain valid on the intraday basis, it might be preceded by some sideways fluctuation affected by stochastic current negativity, noting that breaking 0.6400 will stop the positive scenaior and pus the price to decline again.

The expected trading range for today is between 0.6440 support and 0.6540 resistance

The expected trend for today: Bullish

Origin: Economies

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