The AUDUSD price surpasses the resistance – Forecast today – 28-05-2024

forex-news-aud_1AUDUSD Price Analysis

Expected Scenario
The AUDUSD price surpassed the 0.6640$ level and settled above it, starting today with additional positivity to confirm the domination of the bullish trend in the upcoming sessions.
The price is on its way to achieve positive targets that start by testing 0.6728$.
We expect to witness more rise on the intraday basis, supported by moving above the EMA50. Note that breaking 0.6640$ will stop the positive scenario and push the price to decline again.

Expected Trading Range
Between 0.6630$ support and 0.6728$ resistance.

Trend Forecast: Bullish

Origin: Economies

 

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