The AUDUSD price hits the target – Forecast today – 25-07-2024

newzeeland_dollarThe AUDUSD price succeeded to achieve our waited target at 0.6570$, and provides additional negative trades to break this level and close the last four hours’ candlestick below it, to support the expectations of continuing the domination on the bearish trend and open the way to head towards 0.6500$ as a next main target.

Therefore, we are waiting for more expected decline in the upcoming sessions, noting that failing to hold below 0.6570$ might push the price to achieve some gains and test 0.6640$ before any new negative attempt.

The expected trading range for today is between 0.6500$ support and 0.6590$ resistance

Trend forecast: Bearish

Origin: Economies

 

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