The AUDUSD breaches the resistance – Analysis - 08-12-2021
Economies.com
2021-12-08 05:17AM UTC
The AUDUSD pair breached the bearish channel’s resistance clearly and settled above it, to start bearish correction for the decline measured from 0.7555 to 0.6993, on its way to achieve positive targets that start at 0.7205 and extend to 0.275 after surpassing the previous level.
Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 0.7100 will stop the expected rise and press on the price to return to the bearish track again.
The expected trading range for today is between 0.7000 support and 0.7100 resistance
The expected trend for today: Bullish
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