The AUDUSD price surpasses the target – Forecast today - 01-05-2024
Economies.com
2024-05-01 03:47AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price traded with clear negativity yesterday to succeed surpassing our waited target at 0.6500$ and confirm opening the way to continue the bearish trend on the intraday basis, to head towards visiting 0.6410$ as a next main target.
- Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, which will remain valid conditioned by the price stability below 0.6570$.
Expected Trading Range
Between 0.6410$ support and 0.6510$ resistance
Trend Forecast: Bearish
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