The AUDUSD price breaks the support – Forecast today - 19-04-2024
Economies.com
2024-04-19 04:20AM UTC
AUDUSD Price Analysis
Expected Scenario
- The AUDUSD price ended yesterday negatively, and begins today with strong decline to break 0.6410$ and reactivate the bearish wave scenario again, opening the way to achieve negative targets that reach 0.6270$ areas.
- Therefore, we expect to witness more decline today, noting that breaching 0.6410$ will stop the negative pressure and lead the price to start new recovery attempts.
Expected Outcome
The expected trading range for today is between 0.6315$ support and 0.6425$ resistance.
Trend Forecast: Bearish
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