The AUDUSD leans on the support – Analysis 23-01-2024

forex-news-aud_1The AUDUSD pair tested 0.6570 level and stared to rebound bullishly from there, accompanied by witnessing positive overlapping signal through stochastic, to support the chances of resuming the expected bullish wave on the intraday basis, which its next target located at 0.6640.

Note that breaching the targeted level will push the price towards 0.6728 as a next positive station, while the bullish wave will remain valid unless breaking 0.6570 and holding below it.

The expected trading range for today is between 0.6550 support and 0.6650 resistance

The expected trend for today: Bullish

Origin: Economies

 

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