The AUDUSD price faces solid resistance – Forecast today – 07-05-2024

forex-news-aud_1AUDUSD Price Analysis

The AUDUSD price tested 0.6640$ level again and found solid resistance there, waiting to get positive motive that support the expectations of continuing the bullish trend to breach this level followed by rallying towards 0.6728$ that represents our next positive target.

Therefore, the bullish trend scenario will remain valid, noting that breaking 0.6570$ will stop the expected rise and push the price to turn to decline.

Expected Trading Range for Today
Support: 0.6580$
Resistance: 0.6680$
Trend Forecast
Bullish

Origin: Economies

 

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