The AUDUSD price leans on the support base – Forecast today – 21-10-2024

aud_newsThe AUDUSD price consolidates above 0.6697$ level, and begins to provide new positive trades, and it needs to surpass the EMA50 that forms intraday resistance at 0.6725$ to ease the mission of heading towards the first waited positive target at 0.6744$, noting that breaching it will push the price towards 0.6780$ direct.

Therefore, the bullish trend will remain valid and active for the upcoming period unless breaking 0.6697$ and holding below it.

The expected trading range for today is between 0.6670$ support and 0.6770$ resistance

Trend forecast: Bullish

Origin: Economies

 

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