The AUDUSD begins positively – Analysis 19-01-2024

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair closed the last daily candlestick above 0.6570 level, starting today with additional positivity to move away from this level and confirm starting bullish wave on the intraday basis, expecting to reach 0.6640 initially.

Therefore, the bullish bias will be suggested for today, depending on the price stability above 0.6570, as breaking this level will put the price under the correctional bearish pressure again, to head towards visiting 0.600 areas as a next negative target.

The expected trading range for today is between 0.6550 support and 0.6640 resistance

The expected trend for today: Bullish

Origin: Economies

 

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