The AUDUSD price forecast update 28-03-2024

AUDUSD Price Analysis

1. The AUDUSD price achieved initial break to 0.6500$ level and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, to head towards targeting 0.6450$ followed by 0.6410$ levels as next main stations.
2. Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that failing to consolidate below 0.6500$ will lead the price to attempt to recover and test 0.6570$ before any new attempt to decline.

Expected Trading Range

• Support: 0.6460$
• Resistance: 0.6540$