The AUDUSD presses on the support – Analysis - 24-03-2023
Economies.com
2023-03-24 02:59AM UTC
The AUDUSD pair bounced downwards clearly after approaching 0.6780 level, to start pressing on the key support 0.6665 by today’s open, which hints heading to resume the correctional bearish track, paving the way to head towards 0.6550 as a next main target.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that the consolidation of 0.6665 level against the current negative pressure will lead the price to recover and head towards 0.6780 initially.
The expected trading range for today is between 0.6590 support and 0.6700 resistance
The expected trend for today: Bearish
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