The AUDUSD resumes the rise – Analysis 27-12-2023

forex-news-audThe AUDUSD pair shows new positive trades to reach the first extended target at 0.6840, waiting for more rise to achieve additional gains that reach 0.6925.

The bullish channel organizes the suggested bullish wave, which gets good support by the EMA50, noting that the continuation of the bullish trend depends on the price stability above 0.6780.

The expected trading range for today is between 0.6790 support and 0.6895 resistance

The expected trend for today: Bullish

Origin: Economies

 

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