The AUDUSD tests the support – Analysis 12-01-2024

newzeeland_dollarThe AUDUSD pair faded negative pressure yesterday to test the key support 0.6665, as it consolidated above it and bounced bullishly to head towards resuming the expected bullish wave on the intraday and short-term basis, waiting to visit 0.6780 as a first main target.

Stochastic provides positive signals that support the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 0.6665.

The expected trading range for today is between 0.6670 support and 0.6770 resistance

The expected trend for today: Bullish

Origin: Economies

 

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