The AUD/USD presses on the support – Analysis – 05/03/2024

forex-news-aud_1The AUDUSD pair is testing the key support 0.6500, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish wave on the intraday basis, which its next target located at 0.6570.

Until now, the bullish trend still valid as long as 0.6500 level remains intact, as breaking this level represents the key to return to the bearish track and head towards 0.6410 as a next negative station.

The expected trading range for today is between 0.6470 support and 0.6560 resistance

The expected trend for today: Bullish

Origin: Economies

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