The AUD/USD faced temporary negative pressure – Analysis – 04/01/2023

forex-news-audThe AUDUSD pair faced strong negative pressure yesterday to attack 0.6767 level and reach 0.6688, but it bounced bullishly to trade above the first level now, to head towards regaining the bullish trend and achieve expected gains in the upcoming sessions, targeting 0.6905 areas initially.

Stochastic provides positive signals that support the expected rise, which will remain valid as long as 0.6767 level remains intact.

The expected trading range for today is between 0.6740 support and 0.6850 resistance

The expected trend for today: Bullish

Origin: Economies

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