The AUDUSD attempts to recover – Analysis - 23-07-2021
Economies.com
2021-07-23 03:49AM UTC
The AUDUSD pair provided positive trades yesterday to attack 0.7375 level, but we notice that the EMA50 forms solid resistance against the price, while stochastic shows clear negative signals now.
Therefore, we believe the chances valid to resume the expected bearish trend for the upcoming period, which its next target located at 0.7230, noting that consolidating above 0.7375 will lead the price to achieve additional gains that reach 0.7460.
The expected trading range for today is between 0.7320 support and 0.7420 resistance
The expected trend for today: Bearish
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