The AUDUSD price confirms the break – Forecast today - 15-04-2024
Economies.com
2024-04-15 04:05AM UTC
AUDUSD Price Analysis
Confirmation of Breakout
The AUDUSD price confirmed breaking the $0.6500 level after closing the last daily candlestick below it.
This supports the continuation of the expected bearish trend for the upcoming period.
Expected Scenarios
- Next target: $0.6410.
- The EMA50 continues to push negatively on the price to support the suggested negative scenario.
- Breaching $0.6500 will stop the bearish wave and lead the price to start recovery attempts on the intraday basis.
Trading Range
The expected trading range for today is between support at $0.6420 and resistance at $0.6520.
Trend forecast: Bearish
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