The AUDUSD regains the bullish track – Analysis 08-12-2023

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair continued to rise after confirming breaching 0.6545 and holding above it, to surpass the EMA50 and head towards achieving more gains on the intraday basis, targeting testing 0.6660 as a next positive station.

Therefore, the bullish bias will be expected for today, noting that breaking 0.6545 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6570 support and 0.6670 resistance

The expected trend for today: Bullish

Origin: Economies

 

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