The AUDUSD holds above the support – Analysis 29-01-2024

aud_newsThe AUDUSD pair continues to fluctuate near 0.6570 and keeps its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 0.6640 as a next main target.

The formation of the ascending lows that appear on the chart support the continuation of the expected bullish trend, noticing that stochastic overlaps positively to reinforce the chances to rise today, reminding you that it is important to hold above 0.6570 to continue the suggested positive scenario.

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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