The AUDUSD price is recovering – Forecast today – 02-05-2024

newzeeland_dollarAUDUSD Price Analysis

Expected Scenario
The AUDUSD price surpassed 0.6500$ level and settled above it, to turn to rise and head towards achieving expected gains in the upcoming period, targeting 0.6570$ followed by 0.6640$ levels as next main stations.
The bullish bias will be suggested for today, noting that breaking 0.6500$ will stop the expected rise and push the price to decline again.

Expected Trading Range
Between the support at 0.6490$ and the resistance at 0.6590$.

Trend Forecast: Bullish

Origin: Economies

 

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