The AUDUSD price resumes the decline – Forecast today - 27-03-2024

Economies.com
2024-03-27 02:35AM UTC

AUDUSD Price Analysis

  • The AUDUSD price tested the EMA50 and bounced bearishly.
  • The bearish trend scenario remains valid for the upcoming period.
  • The price is approaching the key support at 0.6500$.
  • Breaking this level may reinforce the expectations of extending the bearish wave towards 0.6450$ followed by 0.6410$.

Our bearish overview will remain valid, with importance to hold below 0.6570$ to achieve the suggested targets.

The expected trading range for today is between 0.6470$ support and 0.6570$ resistance.

Trend forecast: Bearish

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