Category: Forex News

The AUDUSD price loses momentum – Forecast today – 28-03-2024

By Published On: March 28, 20240.5 min readViews: 1260 Comments on The AUDUSD price loses momentum – Forecast today – 28-03-2024

Bearish Trend Continuation
The AUDUSD price fluctuates within a sideways and tight track, settling around the 0.6525$ level.
Stochastic indicates a clear loss of positive momentum, signaling a potential resumption of the bearish trend.
The bearish targets start with breaking the 0.6500$ level, followed by 0.6450$ and 0.6410$.

Support from EMA50
The EMA50 continues to support the suggested bearish wave.

Trading Range
The expected trading range for today is between 0.6460$ support and 0.6570$ resistance.

Trend forecast: Bearish

Origin: Economies

 


Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts to your email.