The AUDUSD price under the negative pressure – Forecast today – 17-10-2024

newzeeland_dollarThe AUDUSD price traded with clear negativity yesterday to move away from 0.6697$ level, to activate the negative scenario and expect the decline in the upcoming sessions, on its way to visit 0.6622$ mainly.

Therefore, the bearish bias will be expected for today, noting that breaching 0.6697$ will stop the negative scenario and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 0.6640$ support and 0.6740$ resistance

Trend forecast: Bearish

Origin: Economies

 

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