The AUDUSD price tests the support base – Forecast today – 29-05-2024

forex-news-audAUDUSD Price Analysis

Expected Scenario
The AUDUSD price tested 0.6640$ level and keeps its stability above it until now, and the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas now.
These factors encourage us to continue suggesting the bullish trend on the intraday basis, which its next target located at 0.6728$, reminding you that it is important to hold above 0.6640$ to continue the expected rise.

Expected Trading Range
Between 0.6620$ support and 0.6700$ resistance

Trend Forecast: Bullish

Origin: Economies

 

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