The AUDUSD price touches the target – Forecast today - 16-04-2024
Economies.com
2024-04-16 04:01AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price succeeded to achieve our waited target at 0.6410$, showing more decline now to press on this level and hint heading to achieve more negative targets, noting that breaking this level will push the price towards 0.6340$ as a next main station.
- Therefore, we expect the continuation of the bearish bias in the upcoming sessions, taking into consideration that confirming breaking 0.6410$ will push the price to start recovery attempts and visit 0.6500$ initially.
Expected Outcome
The expected trading range for today is between 0.6350$ support and 0.6450$ resistance.
Trend Forecast: Bearish
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