The AUDUSD is recovering – Analysis – 07-02-2024

forex-news-audThe AUDUSD pair confirmed breaching 0.6500 level to trade with clear positivity and head towards achieving expected gains in the upcoming sessions, targeting testing 0.6570 initially, noting that breaching this level will extend the bullish wave to reach 0.6640 areas on the near-term basis.

Therefore, the bullish bias will be expected for today, waiting to gather positive momentum that assist to push the price to achieve the suggested targets, noting that breaking 0.6500 will stop the negative scenario and push the price to decline again.

The expected trading range for today is between 0.6480 support and 0.6590 resistance

The expected trend for today: Bullish

Origin: Economies

 

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