The AUDUSD declines strongly – Analysis - 12-07-2022

Economies.com
2022-07-12 04:24AM UTC

The AUDUSD pair traded with strong negativity yesterday to approach our main waited target at 0.6700, and we expect the continuation of the bearish wave within the bearish channel that appears on the chart, to head towards 0.6640 areas as a next main station.

 

Therefore, we are waiting for more expected decline in the upcoming sessions conditioned by the price stability below 0.6820.

 

The expected trading range for today is between 0.6650 support and 0.6760 resistance

 

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The expected trend for today: Bearish

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