The AUDUSD price is recovering – Forecast today - 22-04-2024

Economies.com
2024-04-22 03:46AM UTC

AUDUSD Price Analysis

Expected Scenario

  • The AUDUSD price failed to sustain below the 0.6410$ level for a long time, closing the last candlestick above it. The price has started today with a clear rise, aiming to achieve expected gains in the upcoming sessions, targeting a test of 0.6500$ as the first station.
  • Therefore, a bullish bias is suggested for today, with the continuation of the bullish wave depending on the price's stability above 0.6410$.

Expected Trading Range

Between the support at 0.6405$ and the resistance at 0.6500$

Trend Forecast: Bullish

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