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The AUDUSD presses on the support – Analysis - 24-01-2024
The AUDUSD pair faced solid resistance formed by the EMA50 against the recent positive attempts, to start pressing on the key support 0.6570 and attempts to break it now, which makes us prefer to stay aside until the price confirms its situation according to this level and detect its next destination clearly.
Breaking the mentioned level will push the price to achieve additional bearish correction that its next target reaches 0.6500, while consolidating above it will lead the price to resume the intraday bullish wave and head to test 0.6640 mainly.
The expected trading range for today is between 0.6510 support and 0.6630 resistance
The expected trend for today: Neutral
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