The AUDUSD price surpasses the target – Forecast today – 03-02-2025

aud_newsThe AUDUSD price declined strongly to succeed achieving our waited target at 0.6130$, noticing that the price surpasses this level to open the way to continue the decline on the intraday and short-term basis, targeting visiting 0.6000$ as a next negative station.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.6135$ and holding above it.

The expected trading range for today is between 0.6030$ support and 0.6130$ resistance

Trend forecast: Bearish

Origin: Economies

 

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