The AUDUSD begins negatively – Analysis - 29-01-2021

Economies.com
2021-01-29 04:46AM UTC

The AUDUSD pair ended yesterday with clear positivity and breached 0.7665 level, but it begins today with clear decline to break this level and start pressing on 0.7625 level, which keeps the chances valid to continue the correctional bearish trend, which its next target located at 0.7505.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7665 and holding above it again.

 

The expected trading range for today is between 0.7560 support and 0.7680 resistance

 

The expected trend for today: Bearish

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