The AUDUSD achieves some gains – Analysis - 12-03-2021

Economies.com
2021-03-12 05:18AM UTC

The AUDUSD pair’s rise stopped at 0.7800, as it lost its positive momentum and begins to provide calm negative trades, which hints the price head to resume the correctional bearish track again, on its way to test 0.7615 initially.

 

Therefore, the bearish bias will remain expected for today unless breaching 0.7825 and holding above it, noting that breaking 0.7765 is required to reinforce the expectations to decline.

 

The expected trading range for today is between 0.7700 support and 0.7825 resistance

 

The expected trend for today: Bearish

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