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The AUDUSD touches the target – Analysis - 24-02-2023
The AUDUSD pair managed to touch 0.6780 level and found solid support there, to show some temporary bullish bias, affected by stochastic positivity, while the EMA50 continues to form negative pressure against the price, to support the continuation of the correctional bearish trend and head to visit 0.6665 as a next negative target.
Therefore, we expect to witness more decline in the upcoming sessions, supported by moving within the bearish channel that appears on the chart, reminding you that breaching 0.6925 will push the price to return to the main bullish trend again.
The expected trading range for today is between 0.6750 support and 0.6860 resistance
The expected trend for today: Bearish
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Brent oil price achieves clear gains – Analysis - 24-02-2023
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