The AUDUSD price faces new negative pressures – Forecast today – 22-10-2024

forex-news-aud_1The AUDUSD price broke 0.6697$ level clearly and traded negatively yesterday, noticing that the decline stopped at 0.6650$ areas, to start today with bullish bias and head towards covering the losses that it suffered in the previous sessions, motivated by stochastic current positivity.

Therefore, we expect to witness positive trades in the upcoming sessions, and the targets begin by breaching 0.6697$ to open the way to head towards 0.6744$, noting that breaking 0.6650$ will stop the expected rise and push the price to achieve more decline on the intraday and short-term basis.

The expected trading range for today is between 0.6640$ support and 0.6730$ resistance

Trend forecast: Bullish

Origin: Economies

 

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