The AUDUSD heads for more bullish correction – Analysis - 16-12-2021
Economies.com
2021-12-16 05:25AM UTC
The AUDUSD pair breached 0.7125 level and settled above it, and by taking a deeper look at the chart, we find that the price forms bullish pattern that we expect to lead the pair to achieve more bullish correction in the upcoming sessions, targeting 0.7205 followed by 0.7275 levels as next main targets.
Therefore, the bullish bias will be expected for today, noting that breaking 0.7125 and holding below it will stop the correctional bullish scenario and press on the price to decline again.
The expected trading range for today is between 0.7110 support and 0.7220 resistance
The expected trend for today: Bullish
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