Midday update for the AUDUSD 08-06-2023

Economies.com
2023-06-08 09:44AM UTC

The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend valid for the upcoming period, which targets 0.6610 followed by 0.6550 levels mainly.

 

Note that confirming breaching 0.6660 will push the price to build bullish wave that targets testing 0.6780 areas on the near term basis.

 

The expected trading range for today is between 0.6600 support and 0.6700 resistance

 

The expected trend for today: Bearish

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