The AUDUSD soars – Analysis 14-12-2023

newzeeland_dollarThe AUDUSD pair rallied upwards strongly yesterday to reach 0.6665 level, starting today with new strong rise to breach this level and open the way to achieve more gains on the intraday and short-term basis, to head towards visiting 0.6780 as a next main target.

Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, noting that breaking 0.6665 will stop the bullish rally and push the price to turn to decline.

The expected trading range for today is between 0.6680 support and 0.6780 resistance

The expected trend for today: Bullish

Origin: Economies

 

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