The AUDUSD begins positively – Analysis 06-02-2024

forex-news-aud_1The AUDUSD pair begins today positively to attempt to breach 0.6500 level, which urges caution from the upcoming trading, as confirming the breach will lead the price to start bullish wave that targets testing 0.6570 areas mainly.

Until now, the bearish trend scenario still suggested as long as the price is below 0.6500, reminding you that our next target is located at 0.6410.

The expected trading range for today is between 0.6450 support and 0.6540 resistance

The expected trend for today: Bearish

Origin: Economies

 

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