The AUDUSD price begins positively – Forecast today – 16-09-2024

DOLLAR5The AUDUSD price opens today’s trading with clear bullish bias to start testing 0.6728$ level and hint heading to resume the bullish trend on the intraday basis, waiting to breach the mentioned level to open the way to achieve new gains that start at 0.6795$ followed by 0.6820$.

Therefore, the bullish bias will be suggested for today, noting that failing to breach 0.6728$ will force the price to rebound bearishly to head towards testing 0.6640$ areas initially.

The expected trading range for today is between 0.6680$ support and 0.6780$ resistance

Trend forecast: Bullish

Origin: Economies

 

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