The AUDUSD achieves clear gains – Analysis - 25-07-2022

Economies.com
2022-07-25 03:51AM UTC

The AUDUSD pair provided strong positive trades in the previous sessions to reach 0.6980 level, and bounced bearishly to move below 0.6910, noticing that the price attempts positively now, which encourages us to suggest the bullish bias in the upcoming sessions, motivated by stochastic reach to the oversold areas, waiting to visit 0.6980 level mainly.

 

The EMA50 supports the expected positive scenario, noting that breaking 0.6875 will press on the price to test 0.6825 before any new attempt to rise.

 

The expected trading range for today is between 0.6860 support and 0.6980 resistance

 

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The expected trend for today: Bullish

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