The AUDUSD needs the positive momentum – Analysis 20-09-2023

forex-news-audThe AUDUSD pair settles around 0.6450 level since yesterday, and continues to move inside the intraday bullish channel that appears on the chart, waiting to get positive momentum that assist to push the price to resume the bullish trend that targets 0.6545 mainly.

Until now, the bullish trend scenario still active as long as 0.6400 levels remains intact, noting that the EMA50 supports the suggested bullish wave.

The expected trading range for today is between 0.6410 support and 0.6510 resistance

The expected trend for today: Bullish

Origin: Economies

 

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