The AUDUSD price begins positively – Forecast today – 12-08-2024

aud_newsThe AUDUSD price tested the support base 0.6570$ and kept its stability above it, starting today with bullish bias in attempt to move away from this level, which supports the continuation of the expected bullish trend on the intraday and short-term basis, motivated by stochastic current positivity, waiting to visit 0.6640$ mainly.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6570$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 0.6540$ support and 0.6640$ resistance

Trend forecast: Bullish

Origin: Economies

 

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