The AUDUSD consolidates above the support – Analysis – 01-03-2024

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair attempted to break 0.6500 level yesterday but it kept its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 0.6570 as a next main target.

Stochastic continues to provide the positive signals that support the expectations to rise, reminding you that breaking 0.6500 will put the price under new negative pressure that targets 0.6410 areas mainly.

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

The expected trend for today: Bullish

Origin: Economies

 

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