The AUDUSD gathers the positive momentum – Analysis 01-09-2023

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair shows sideways trades since yesterday, hovering around the EMA50 that forms good support now, noticing that stochastic gathers the positive momentum clearly.

Therefore, we believe that the chances valid to resume the expected bullish trend on the intraday basis, reminding you that our waited target is located at 0.6545, while achieving it requires holding above 0.6400.

The expected trading range for today is between 0.6440 support and 0.6545 resistance

The expected trend for today: Bullish

Origin: Economies

 

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