The AUDUSD price breaches the resistance – Forecast today – 07-08-2024

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The AUDUSD price trades with clear positivity to confirm breaching the bearish channel’s resistance, to head towards building bullish wave on the intraday basis, and the targets begin by surpassing 0.6570$ to confirm opening the way to head towards 0.6640$ as a next positive station.

Therefore, the bullish bias will be suggested in the upcoming sessions, noting that failing to breach 0.6570$ will put the price under new negative pressure that targets visiting 0.6500$ initially.

The expected trading range for today is between 0.6510$ support and 0.6620$ resistance

Trend forecast: Bullish

Origin: Economies

 

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