The AUDUSD price achieves intraday gains – Forecast today - 10-05-2024
Economies.com
2024-05-10 03:57AM UTC
AUDUSD Price Analysis
Expected Scenario
The AUDUSD price exhibited clear positivity yesterday, testing the 0.6600$ barrier and indicating an attempt to recover on the intraday basis. However, today, the price started with a bearish bias, influenced by stochastic negativity, suggesting a potential resumption of the bearish wave in the upcoming sessions.
The initial targets for the bearish wave start with breaking the 0.6570$ level, paving the way for a decline towards 0.6500$.
Expected Trading Range for Today
Between the support at 0.6540$ and the resistance at 0.6640$
Trend Forecast: Bearish
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