The AUDUSD begins negatively – Analysis 28-02-2024

forex-news-audThe AUDUSD pair provides new negative trades by today’s open to approach our waited target at 0.6500, and we expect the continuation of the rising wedge pattern’s effect to extend the bearish wave towards 0.6410 areas as a next main station.

Therefore, the bearish trend will remain suggested in the upcoming sessions, supported by stochastic current negativity, reminding you that it is important to hold below 0.6570 to achieve the suggested targets.

The expected trading range for today is between 0.6460 support and 0.6560 resistance

The expected trend for today: Bearish

Origin: Economies

 

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