Midday update for the AUDUSD 21-07-2022
Economies.com
2022-07-21 09:50AM UTC
The AUDUSD pair bounced donwards strongly after failing to breach 0.6910 level, to complete forming double top pattern that has negative targets that start at 0.6820 and extend to 0.6750 in case breaking the previous level.
Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to breach 0.6910 and hold above it.
The expected trading range for today is between 0.6810 support and 0.6900 resistance
The expected trend for today: Bearish for the rest of the day
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