The AUDUSD price attempts positively – Forecast today – 22-05-2024

forex-news-audAUDUSD Price Analysis

Expected Scenario
The AUDUSD price rebounds bullishly after approaching the 0.6640$ level in the previous sessions, with the EMA50 forming good support against the price. This hints at heading to achieve intraday gains today, with an initial target of 0.6728$.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 0.6640$ and holding below it.

Expected Trading Range
Between the support at 0.6640$ and the resistance at 0.6740$.

Trend Forecast: Bullish

Origin: Economies

 

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