The AUDUSD approaches the first target – Analysis 28-09-2023

newzeeland_dollarThe AUDUSD pair provided clear negative trades to approach our first waited target at 0.6330, and we expect the continuation of the bearish bias to visit 0.6275 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 0.6400.

The expected trading range for today is between 0.6300 support and 0.6400 resistance

The expected trend for today: Bearish

Origin: Economies

 


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