The AUDUSD awaits more decline – Analysis 04-01-2024

forex-news-audThe AUDUSD pair fluctuates around 0.6730 level, noticing that stochastic begins to lose the positive momentum, waiting to motivate the price to resume the negative trades to test 0.6665 that represents our main expected target.

Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 0.6780.

The expected trading range for today is between 0.6680 support and 0.6780 resistance

The expected trend for today: Bearish

Origin: Economies

 

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