The AUDUSD price is recovering – Forecast today - 04-04-2024
Economies.com
2024-04-04 01:39AM UTC
AUDUSD Price Analysis
- The AUDUSD price traded with clear positivity yesterday to test 0.6570$ level, hinting at heading to achieve more gains on the intraday basis.
- Breaching this level will push the price towards 0.6640$ as a next positive station.
- Moving above the EMA50 supports the suggested bullish wave, taking into consideration that failing to breach 0.6570$ will push the price to rebound bearishly and head to test 0.6500$ areas initially.
The expected trading range for today is between 0.6540$ support and 0.6630$ resistance.
Trend forecast: Bullish
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