The AUDUSD hits the first target – Analysis - 27-01-2023
Economies.com
2023-01-27 05:02AM UTC
The AUDUSD pair succeeded to touch our waited target at 0.7135 and fluctuates within sideways track since yesterday, settling above 0.7100 barrier, waiting to get positive momentum that assists to push the price to continue rising and head towards our next target that reaches 0.7200.
Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, noting that breaking 0.7060 will press on the price to achieve intraday bearish correction before turning back to rise again.
The expected trading range for today is between 0.7070 support and 0.7190 resistance
The expected trend for today: Bullish
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