The AUDUSD price touches the first target – Forecast today – 14-08-2024

forex-news-audThe AUDUSD price managed to achieve our waited target at 0.6640$ and finds solid resistance there, to show some bearish bias now, affected by stochastic negativity, and it might head to test the key support 0.6570$ before turning back to rise again.

In general, we expect to witness more rise affected by the previously completed inverted head and shoulders’ pattern, noting that breaching 0.6640$ will lead the price to visit 0.6728$ direct.

The expected trading range for today is between 0.6570$ support and 0.6680$ resistance

Trend forecast: Bullish

Origin: Economies

 

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