The AUDUSD price attempts positively – Forecast today - 03-04-2024

AUDUSD Price Forecast Update - 03-04-2024

AUDUSD Analysis

• The AUDUSD price settled above 0.6500$ level, indicating a potential bullish wave.
• However, the EMA50 acts as solid resistance, and stochastic approaches overbought areas.
• Due to conflicting technical factors, it's preferable to stay aside for clearer signals.
• Continued rise and breaching 0.6525$ could lead to gains up to 0.6570$.
• Breaking 0.6500$ may resume the main bearish wave, targeting 0.6450$ and 0.6410$.

Expected Trading Range for Today

• Between 0.6450$ support and 0.6560$ resistance.

Trend Forecast: Neutral