The AUDUSD needs the positive momentum – Analysis 22-01-2024

aud_newsThe AUDUSD pair shows positive trades to test 0.6600 barrier, waiting for more rise to test 0.6640 that represents our next main target, noting that breaching this level will extend the bullish wave to reach 0.6728 as a next positive station.

Stochastic negativity interprets the reasons of the current sideways fluctuation, noting that breaking 0.6570 will stop the positive scenario and push the price to return to the correctional bearish track again.

The expected trading range for today is between 0.6550 support and 0.6650 resistance

The expected trend for today: Bullish

Origin: Economies

 

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