The AUDUSD price is recovering – Forecast today - 21-03-2024

The AUDUSD price breached 0.6570$ level clearly and closed the daily candlestick above it, starting today with additional rise to reach the thresholds of 0.6640$ level, which hints heading to build bullish wave on the intraday and short-term basis, noting that breaching the last level will open the way to rally towards 0.6728$ areas as a next main station.

Therefore, the bullish bias will be suggested in the upcoming sessions, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that the continuation of the bullish wave depends on the price stability above 0.6570$.

The expected trading range for today is between 0.6580$ support and 0.6680$ resistance

Trend forecast: Bullish