The AUDUSD price tests the support – Forecast today – 22-08-2024

newzeeland_dollarThe AUDUSD price continues to fluctuate at 0.6728$ support line and still consolidated above it, to keep the bullish trend scenario active for the upcoming period, supported by stochastic positivity, waiting to visit 0.6800$ as a next main target.

On the other hand, we should note that breaking 0.6728$ and holding below it will stop the expected rise and push the price to start bearish wave that targets testing 0.6640$ areas mainly.

The expected trading range for today is between 0.6690$ support and 0.6790$ resistance

Trend forecast: Bullish

Origin: Economies

 

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