The AUDUSD price surpasses the target – Forecast today – 01-05-2024

forex-news-audAUDUSD Price Analysis

Expected Scenario
The AUDUSD price traded with clear negativity yesterday to succeed surpassing our waited target at 0.6500$ and confirm opening the way to continue the bearish trend on the intraday basis, to head towards visiting 0.6410$ as a next main target.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, which will remain valid conditioned by the price stability below 0.6570$.

Expected Trading Range
Between 0.6410$ support and 0.6510$ resistance

Trend Forecast: Bearish

Origin: Economies

 

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