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The AUDUSD returns to the support line – Analysis - 25-01-2024
The AUDUSD pair bounced downwards clearly to test the key support 0.6570 again, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the positive trades and head to test 0.6640 mainly.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.5670 will stop the expected rise and push the price to achieve additional bearish correction that its next target reaches 0.6500.
The expected trading range for today is between 0.6530 support and 0.6635 resistance
The expected trend for today: Bullish
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Brent oil price approaches the target – Analysis - 25-01-2024
Brent oil price resumed its positive trades to approach our waited target at 81.00, getting continuous positive support by the EMA50, which supports the chances of surpassing this level and open the way to achieve additional rise that its next target reaches 83.87 mainly.
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