Midday update for the AUDUSD 21-12-2021

Economies.com
2021-12-21 10:46AM UTC

The AUDUSD pair shows positive trades to attempt to breach 0.7125 level, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to return to the correctional bullish track again, while the price needs to trade below it again to resume the bearish trend that its next main target located at 0.6995.

 

The expected trading range for today is between 0.7050 support and 0.7160 resistance

 

The expected trend for today: Bearish

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