The AUDUSD attacks the resistance – Analysis - 08-07-2022
Economies.com
2022-07-08 02:03AM UTC
The AUDUSD pair shows additional positive trades by today’s open to attack the bearish channel’s resistance around 0.6850 and attempts to confirm breaching it, which makes us prefer to stay aside until the price confirms its situation according to this level to confirm the next trend clearly.
Note that holding above the mentioned level will push the price to achieve additional gains that reach 0.6960, while trading below it again will reactivate the main negative scenario that its next main target located at 0.6700.
The expected trading range for today is between 0.6790 support and 0.6910 resistance
The expected trend for today: Neutral
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