The AUDUSD faces solid resistance – Analysis - 05-08-2022

2022-08-05 04:13:30 GMT (Economies.com)
 

The AUDUSD pair finds solid resistance at 0.6980, to show some temoprary bearish bias, noticing that stochastic gains the positive momentum gradually, waiting to motivate the price to resume the bullish bias and breach the mentioned level to confirm heading towards 0.7050 as a next station.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6910 and holding below it.

 

The expected trading range for today is between 0.6910 support and 0.7030 resistance

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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