Midday update for the AUDUSD 04-12-2023

Economies.com
2023-12-04 10:12AM UTC

The AUDUSD pair faces clear negative pressure to break 0.6660 level and attempt to hold below it, which urges caution from the upcoming trading, as holding below this level represents negative factor that will force the price to decline in the upcoming sessions and head towards 0.6600 areas initially, while the price needs to step above 0.6660 again to revive the positive scenario that targets 0.6700 followed by 0.6780 levels mainly.

 

The expected trading range for today is between 0.6640 support and 0.6720 resistance

 

The expected trend for today: Bullish

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