The AUDUSD faces solid support – Analysis - 01-02-2021
Economies.com
2021-02-01 05:03AM UTC
The AUDUSD pair started today’s trading below 0.7625 level, but it trades positively now to approach testing 0.7665 level, and the price needs to hold below this level to keep the negative effect of the triple top pattern active, which supports the chances of continuing the correctional bearish trend that its next main target located at 0.7505.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7665 followed by 0.7700 levels and holding above them.
The expected trading range for today is between 0.7570 support and 0.7700 resistance
The expected trend for today: Bearish
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