The AUDUSD declines calmly – Analysis 27-02-2024

forex-news-aud_1The AUDUSD pair shows negative trades after confirming completing the rising wedge pattern, to approach our waited target at 0.6500 gradually, and the way seems open to break this level and open the way to achieve additional decline that its next target reaches 0.6410 areas.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6570 and hold with a daily close above it.

The expected trading range for today is between 0.6470 support and 0.6570 resistance

The expected trend for today: Bearish

Origin: Economies

 

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