Midday update for the AUDUSD 09-03-2021

Economies.com
2021-03-09 10:47AM UTC

The AUDUSD pair bounced upwards clearly after testing 0.7615 level, to head towards potential test to the key resistance 0.7765, noticing that the EMA50 forms continuous negative pressure to keep the chances valid to continue the expected bearish trend for today.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 0.7765 and 0.7785 levels, reminding you that our next main target extends to 0.7450.

 

The expected trading range for today is between 0.7580 support and 0.7710 resistance

 

The expected trend for today: Bearish

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