The AUDUSD begins positively – Analysis - 15-02-2021

Economies.com
2021-02-15 04:51AM UTC

The AUDUSD pair opens today’s trading with bullish bias to move away from the breached resistance that appears on the chart, to support the continuation of our bullish overview, and the way is open to test 0.7820 that represents our next target, noting that breaching this level will push the price to 0.7915 as a next target.

 

On the other hand, we should note that the continuation of the expected rise requires holding above 0.7725 as a first condition, as breaking this level might press on the price to test 0.7660 followed by 0.7625 levels before any new attempt to rise.

 

The expected trading range for today is between 0.7725 support and 0.7840 resistance

 

The expected trend for today: Bullish

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