The AUDUSD gets appositive motive – Analysis 22-02-2024

newzeeland_dollarThe AUDUSD pair shows sideways trades since yesterday, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the positive trades and breach 0.6570 to open the way to rally towards 0.6640 that represents our next main target.

Therefore, our positive overview will remain valid for the upcoming period, noting that breaking 0.6500 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6520 support and 0.6610 resistance

The expected trend for today: Bullish

Origin: Economies

 

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