The AUDUSD price declines strongly – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:23AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price sharply bounced downwards after failing to breach the 0.6640$ level.
- It broke the 0.6570$ level and reached 0.6500$ areas, indicating an expected decline in the upcoming sessions.
Expected Outcome
The bearish bias is suggested, with a potential move towards the 0.6410$ level if the 0.6500$ level is breached.
Breaking above 0.6570$ will halt the negative scenario and lead to a potential recovery.
Expected Trading Range
Between 0.6460$ support and 0.6565$ resistance.
Trend Forecast: Bearish
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