The AUDUSD attempts positively – Analysis - 07-10-2021
1 year ago

The AUDUSD pair returned to rise and test 0.7290 level, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active, which its next main target located at 0.7170.


Stochastic loses its positive momentum to support the chances of resuming the expected decline, noting that breaching 0.7290 will lead the price to achieve additional gains that reach 0.7360.



The expected trading range for today is between 0.7220 support and 0.7320 resistance


The expected trend for today: Bearish

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