The AUDUSD price activates the positive pattern – Forecast today – 28-08-2024

forex-news-audThe AUDUSD price confirmed breaching the bullish flag’s resistance line to activate the positive effect of this pattern and resume the bullish track, as it begins testing 0.6800$ barrier now, waiting to surpass this level to open the way to head towards 0.6870$ as a next main target.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6780$ might push the price to test the key support base 0.6728$ before any new attempt to rise.

The expected trading range for today is between 0.6750$ support and 0.6850$ resistance

Trend forecast: Bullish

Origin: Economies

 

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