The AUDUSD price presses on the support – Forecast today – 02-08-2024

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD price continues to press negatively on 0.6500$ support line, waiting to confirm breaking it to rally towards 0.6410$ that represents our next negative target, noting that the EMA50 forms continuous negative pressure on the price to support the expectations to decline, which will remain valid unless breaching 0.6570$ and holding above it.

The expected trading range for today is between 0.6450$ support and 0.6550$ resistance

Trend forecast: Bearish

Origin: Economies

 

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