The AUD/USD tests the resistance – Analysis – 29/12/2022

newzeeland_dollarThe AUDUSD pair provided positive trades to test the sideways range’s resistance line at 0.6767, and it might head to test this range’s support at 0.6650 in the upcoming sessions, to keep the sideway track valid until the price manages to breach one of these levels and detect its next destination clearly.

Note that breaching the mentioned resistance will push the price to achieve gains that start at 0.6905, while breaking the support will press on the price to head towards 0.6540 direct.

The expected trading range for today is between 0.6680 support and 0.6810 resistance

The expected trend for today: Sideways

Origin: Economies

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