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The AUDUSD price hits the target – Forecast today - 13-09-2024
The AUDUSD price succeeded to achieve our waited target at 0.6728$ and settles there, as it faces solid resistance there, accompanied by witnessing negative signals through stochastic, while it gets positive support by the EMA50 that might push the price to achieve more gains in the upcoming period.
Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaching 0.6728$ will lead the price to continue the rise and target 0.6795$ followed by 0.6820$ levels as next positive stations, while breaking 0.6685$ represents the key to return to the bearish track to achieve negative targets that start at 0.6640$ and extend to 0.6570$.
The expected trading range for today is between 0.6665$ support and 0.6780$ resistance
Trend forecast: Neutral
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