The AUDUSD consolidates above the support – Analysis 28-08-2023

aud_newsThe AUDUSD pair finds difficulty to break 0.6400 level, to start today with bullish bias and attempts to move away from this level, to head towards attempting to bullish wave that we expect to reach 06545 areas.

Therefore, we suggest the bullish bias for today, supported by stochastic positivity, and breaching 0.6450 will ease the mission to rise, while breaking 0.6400 will stop the bullish wave and press on the price to resume the main bearish trend again.

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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