The AUDUSD resumes the rise – Analysis 29-08-2023

forex-news-aud_1The AUDUSD pair resumes its positive trading after fluctuating around 0.6400 level in the previous sessions, reinforcing the expectations of continuing the bullish trend for the upcoming period, reminding you that our waited target is located at 0.6545.

Moving above the EMA50 supports the expected bullish trend, which will remain valid unless breaking 0.6400 and holding with a daily close below it.

The expected trading range for today is between 0.6410 support and 0.6510 resistance

The expected trend for today: Bullish

Origin: Economies

 

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