Midday update for the AUDUSD 19-10-2021

Economies.com
2021-10-19 09:41AM UTC

The AUDUSD pair continued the bullish rally to succeed reaching our waited target at 0.7478, and we expect the continuation of the bullish bias to surpass this level and open the way to achieve more gains on the longer term basis, as the next target reaches 0.7550, taking into consideration that failing to breach 0.7478 will force the price to rebound bearishly and head to test 0.7405 areas mainly.

 

The expected trading range for today is between 0.7430 support and 0.7500 resistance

 

The expected trend for today: Bullish

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