Midday update for the AUDUSD 01-08-2022

Economies.com
2022-08-01 09:39AM UTC

The AUDUSD pair resumes its positive trading to approach our waited target at 0.7050, noting htat breaching this level will push the price to achieve additional gains that reach 0.7140, to continue suggesting the bearish trend for the upcoming period conditioned by the price stability above 0.6980 and the most important above 0.6910.

 

The expected trading range for today is between 0.6940 support and 0.7050 resistance

 

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The expected trend for today: Bullish

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