The AUDUSD price loses momentum – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
AUDUSD Price Analysis
Bearish Trend Continuation
- The AUDUSD price fluctuates within a sideways and tight track, settling around the 0.6525$ level.
- Stochastic indicates a clear loss of positive momentum, signaling a potential resumption of the bearish trend.
- The bearish targets start with breaking the 0.6500$ level, followed by 0.6450$ and 0.6410$.
Support from EMA50
The EMA50 continues to support the suggested bearish wave.
Trading Range
The expected trading range for today is between 0.6460$ support and 0.6570$ resistance.
Trend forecast: Bearish
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