The AUDCHF hits solid support – Analysis – 8-7-2022

Economies.com
2022-07-08 08:05AM UTC

The AUDCHF pair ended its negative attack after facing solid support at 0.6510, to force it to form correctional bullish waves and settle near 0.6665, while stochastic attempt to exit the oversold areas allows us to expect the beginning of gathering the positive momentum, to assist to activate the bullish track and expect reaching 0.6710 followed by pressing on the moving average 55 at 0.7685.

 

The expected trading range for today is between 0.6610 and 0.6710

 

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The expected trend for today: Bullish

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