Midday update for the AUDUSD 07-10-2021
Economies.com
2021-10-07 09:28AM UTC
The AUDUSD pair attempted to breach 0.7290 and returns to hold below it, which keeps our bearish overview valid for today, supported by stochastic negativity, waiting to test 0.7245 level initially, reminding you that breaching 0.7290 will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.7220 support and 0.7320 resistance
The expected trend for today: Bearish
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