AUDUSD Price Analysis
Expected Scenario
The AUDUSD price has initiated positive trades at today’s open, aiming to breach the 0.6410$ level, influenced by stochastic positivity.
However, we will rely on yesterday’s close below this level to continue suggesting a bearish trend for the upcoming period, primarily targeting 0.6340$ areas.
Therefore, we anticipate negative trades in the upcoming period, with consolidation above 0.6410$ potentially leading to an intraday bullish wave, targeting the next main level at 0.6500$.
Expected Trading Range
Between 0.6360$ support and 0.6460$ resistance.
Trend Forecast: Bearish
Origin: Economies
