The AUDUSD begins positively – Analysis - 07-07-2022
Economies.com
2022-07-07 04:09AM UTC
The AUDUSD pair traded with clear positivity by today’s open to approach the first key resistance 0.6830, and it might continue rising to test the bearish channel’s resistance around 0.6870, noticing that the EMA50 meets the mentioned resistance to add more strength to it, waiting to resume the main bearish trend that its next target reaches 0.6700.
On the other hand, we should note that breaching 0.6870 will stop the negative scenario and lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 0.6760 support and 0.6860 resistance
The expected trend for today: Bearish
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