The AUDUSD price is affected by the negative momentum – Forecast today - 05-04-2024
Economies.com
2024-04-05 01:39AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price ended yesterday with clear negativity, nearing the 0.6570$ level.
- Stochastic negativity influenced this movement, with expectations leaning on this level to resume the expected bullish wave on the intraday basis, targeting 0.6640$.
- The EMA50 continues to support the suggested bullish trend, which remains valid with price stability above 0.6570$.
Expected Trading Range
- Between 0.6540$ support and 0.6650$ resistance.
Trend Forecast: Bullish
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