The AUDUSD price tests the support base – Forecast today – 05-06-2024

forex-news-audAUDUSD Price Analysis

Expected Scenario
The AUDUSD price faced negative pressure yesterday to test the key support 0.6640$, and kept its stability above it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 0.6728$ level as a first station.
Therefore, our bullish overview will remain valid and active unless breaking 0.6640$ and holding below it.

Expected Trading Range
Between 0.6610$ support and 0.6710$ resistance

Trend Forecast: Bullish

Origin: Economies

 

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