The AUDUSD price completes positive pattern – Forecast today – 13-08-2024

forex-news-aud_1The AUDUSD price keeps its stability above 0.6570$ level, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that supports the expectations to rise in the upcoming sessions, and it has positive targets that surpass 0.6640$ to reach 0.6728$.

Therefore, our bullish overview will remain valid and active for the upcoming period, reminding you that it is important to hold above 0.6570$ to continue the suggested rise.

The expected trading range for today is between 0.6550$ support and 0.6660$ resistance

Trend forecast: Bullish

Origin: Economies

 

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