The AUDUSD tests the resistance – Analysis 25-10-2023

forex-news-audThe AUDUSD pair keeps rising to reach 0.6400 resistance, waiting to rebound bearishly to resume the expected bearish trend on the intraday and short-term basis, noting that our first target is located at 0.6285.

On the other hand, we should note that breaching 0.6400 will stop the negative scenario and lead the price to achieve additional gains that reach 0.6500.

The expected trading range for today is between 0.6325 support and 0.6420 resistance

The expected trend for today: Overall bearish

Origin: Economies

 

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