The AUDUSD price is recovering – Forecast today – 03-07-2024

forex-news-audAUDUSD Price Analysis

Expected Scenario
The AUDUSD price couldn’t manage to break the 0.6640$ level, rebounding bullishly to target testing 0.6728$ in the upcoming sessions.
We anticipate a continuation of the bullish bias supported by the EMA50. Note that breaking below 0.6640$ would invalidate the expected rise and shift the price towards a decline.

Expected Trading Range
Between 0.6630$ support and 0.6730$ resistance.

Trend Forecast: Bullish

Origin: Economies

 

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