The AUDUSD consolidates above the support – Analysis 06-03-2024

newzeeland_dollarThe AUDUSD pair ended yesterday positively, as it settled above 0.6500 level again, to head towards resuming the bullish wave on the intraday basis, on its way to visit 0.6570 as a next main target.

Therefore, the bullish bias will be expected for today, noting that breaking 0.6500 will stop the suggested rise and push the price to turn to decline.

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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