The AUDUSD approaches the first target – Analysis - 23-03-2023

Economies.com
2023-03-23 03:09AM UTC

The AUDUSD pair provided strong positive trades yesterday to approach our waited target at 0.6780, getting continuous positive support by the EMA50, while stochastic begins to provide positive signals now.

 

Therefore, we believe that the chances valid to achieve more expected rise in the upcoming sessions, noting that breaching the mentioned level will extend the bullish wave to reach 0.6925 areas, while breaking 0.6665 will stop the suggested positive scenario and press on the price to turn to decline.

 

The expected trading range for today is between 0.6665 support and 0.6800 resistance

 

The expected trend for today: Bullish

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