The AUDUSD price gets negative close – Forecast today - 02-04-2024
Economies.com
2024-04-02 01:42AM UTC
Market Analysis for AUDUSD Price
- The AUDUSD price broke the 0.6500$ level clearly and ended yesterday below it, reinforcing the expectations of continuing the bearish trend efficiently for the upcoming period.
- This opens the way to achieve new negative targets starting at 0.6450$ followed by 0.6410$.
- The negative scenario will remain dominant on the intraday basis, supported by the negative pressure formed by the EMA50.
- Breaking 0.6500$ will lead the price to start recovery attempts and head to test 0.6570$ areas initially.
Trading Range Forecast
The expected trading range for today is between 0.6430$ support and 0.6520$ resistance.
Trend forecast: Bearish
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