The AUDUSD price faces solid support – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:38AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price has initiated positive trades at today's open, aiming to breach the 0.6410$ level, influenced by stochastic positivity.
- However, we will rely on yesterday's close below this level to continue suggesting a bearish trend for the upcoming period, primarily targeting 0.6340$ areas.
- Therefore, we anticipate negative trades in the upcoming period, with consolidation above 0.6410$ potentially leading to an intraday bullish wave, targeting the next main level at 0.6500$.
Expected Trading Range
Between 0.6360$ support and 0.6460$ resistance.
Trend Forecast: Bearish
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