The AUDUSD approaches the resistance – Analysis - 11-03-2021
Economies.com
2021-03-11 04:53AM UTC
The AUDUSD pair continues to rise to approach the first key resistance 0.7765, and the EMA50 forms negative pressure against the price to support the chances of continuing the correctional bearish scenario, waiting to head towards 0.7615 initially.
Therefore, the bearish trend will remain valid for the upcoming period unless the price rallied to breach 0.7765 followed by 0.7810 levels and holding above them.
The expected trading range for today is between 0.7680 support and 0.7790 resistance
The expected trend for today: Bearish
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