The AUDUSD price confirms the break – Forecast today – 04-09-2024

forex-news-audThe AUDUSD price broke 0.6728$ level clearly and ended yesterday below it, to succeed achieving our first extended target at 0.6695$, waiting for more decline to visit 0.6640$ that represents our next main target.

The EMA50 forms continuous negative pressure against the price to support the continuation of the suggested bearish wave, which will remain valid unless breaching 0.6728$ and holding above it.

The expected trading range for today is between 0.6640$ support and 0.6740$ resistance

Trend forecast: Bearish

Origin: Economies

 

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