The AUDUSD tests the support base – Analysis 22-11-2023

forex-news-audThe AUDUSD pair is testing the key support 0.6545 and keeps its stability above it, noticing that stochastic got rid of its negative momentum to reach the oversold areas, which supports the chances of resuming the expected bullish trend for the upcoming period, which its next target located at 0.6605 followed by 0.6660.

On the other hand, we should note that breaking 0.6545 will stop the suggested rise and push the price to turn to decline.

The expected trading range for today is between 0.6530 support and 0.6620 resistance

The expected trend for today: Bullish

Origin: Economies

 

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