The AUDUSD gathers the positive momentum – Analysis - 02-12-2022

The AUDUSD pair shows sideways trades since yesterday, keeping its stability above 0.6767, while stochastic gains the positive momentum gradually, to keep the bullish trend scenario active for today, waiting to head towards 0.6900 as a next positive station.

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6767 and holding below it.

The expected trading range for today is between 0.6760 support and 0.6890 resistance

The expected trend for today: Bullish