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The AUDUSD price gets negative close – Forecast today - 02-04-2024
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The AUDUSD price gets negative close – Forecast today - 02-04-2024
Apr 1, 2024 7:54 PM

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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