The AUDUSD is stable – Analysis - 20-03-2023

Economies.com
2023-03-20 04:35AM UTC

The AUDUSD pair settles above 0.6665 level, to keep the bullish trend scenario active, waiting to get positive motive that assists to push the price towards our next target at 0.6780.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, reminding you that breaking 0.6665 will put the price under the correctional bearish pressure again, to head towards visiting 0.6550 as a next negative target.

 

The expected trading range for today is between 0.6650 support and 0.6760 resistance

 

The expected trend for today: Bullish

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