The AUDUSD hits the target – Analysis 17-01-2024

forex-news-audThe AUDUSD pair managed to touch our waited target at 0.6570 and presses negatively on it now, to hint heading to achieve more bearish correction in the upcoming period, noting that breaking this level will push the price to 0.6500 as a next main station.

Therefore, the bearish trend scenario will remain active, noting that failing to confirm breaking 0.6570 will push the price to attempt to recover and head to test 0.6640 before any new attempt to decline.

The expected trading range for today is between 0.6510 support and 0.6610 resistance

The expected trend for today: Bearish

Origin: Economies

 

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