The AUDUSD begins positively – Analysis 06-12-2023

forex-news-audThe AUDUSD pair managed to touch our waited target at 0.6545, noticing that the price leaned on this level and bounced upwards clearly by today’s open, to head towards resuming the main bullish trend, on its way to visit 0.6660 as a next main target.

Therefore, the bullish bias will be suggested for today, and breaching 0.6600 will ease the mission of achieving the waited target, while breaking 0.6545 represents negative factor that will push the price to suffer new losses on the intraday basis.

The expected trading range for today is between 0.6550 support and 0.6650 resistance

The expected trend for today: Bullish

Origin: Economies

 

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