The AUDUSD needs the positive momentum – Analysis 09-10-2023

aud_newsThe AUDUSD pair managed to touch our waited target at 0.6400 and settles near it, as it is affected by stochastic negativity to show some slight bearish bias, waiting to get positive momentum that assist to push the price to surpass the mentioned level and head towards our next positive target at 0.6490.

Until now, we still suggest the continuation of the bullish bias in the upcoming sessions, reminding you that breaking 0.6335 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.6320 support and 0.6420 resistance

The expected trend for today: Bullish

Origin: Economies

 

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