The AUDUSD faces solid resistance – Analysis - 13-10-2021

2021-10-13 04:28:29 GMT (Economies.com)
 

The AUDUSD pair rebounds bearishly after testing the bullish channel’s resistance that appears on the chart, to test 0.7325 now, noticing that stochastic gains the positive momentum now, waiting to motivate the price to resume the bullish wave that its next target located at 0.7405.

 

Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 0.7290 and holding below it.

 

The expected trading range for today is between 0.7300 support and 0.7400 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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