The AUDUSD attempts to recover – Analysis - 18-03-2021

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

The AUDUSD pair rallied upwards strongly yesterday to breach 0.7765 level and settles above it, which leads the price to achieve new intraday gains that reach 0.7875, noting that breaching this level will push the price back to the main bullish channel again and lead to achieve more positive targets.

 

Therefore, the bullish bias will be suggested for today unless breaking 0.7765 and holding below it again.

 

The expected trading range for today is between 0.7760 support and 0.7880 resistance

 

The expected trend for today: Bullish

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