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2417.755
22.865%
79.979
1.648%
1.0872
1.5474%
5307.28
0.13%
39999.01
0.20%
18551.55
0.11%
The AUDUSD price hits the second target – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
AUDUSD Price Analysis
Expected Scenarios
The AUDUSD price found solid resistance at 0.6640$, to show some temporary slight bearish bias, waiting to gather positive momentum that assist to push the price to resume the bullish bias and breach the mentioned level to open the way to achieve additional gains that reach 0.6728$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, conditioned by the price stability above 0.6570$.
Trading Range for Today
Support: 0.6575$
Resistance: 0.6670$
Trend forecast: Bullish
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