The AUDUSD reaches the target – Analysis 20-12-2023

forex-news-audThe AUDUSD pair resumed its positive trading to reach few pips away from the waited target at 0.6780, and we suggest the continuation of the bullish wave to surpass this level and open the way to achieve additional gains that reach 0.6840 followed by 0.6925 levels as next positive stations.

Therefore, the bullish trend scenario will remain valid for the upcoming period, noting that failing to breach 0.6780 will push the price to rebound bearishly and head to test 0.6665 mainly.

The expected trading range for today is between 0.6720 support and 0.6820 resistance

The expected trend for today: Bullish

Origin: Economies

 

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