The AUDUSD hits the first target – Analysis - 02-02-2023

Economies.com
2023-02-02 05:15AM UTC

The AUDUSD pair traded with strong positivity yesterday to succeed achieving our first waited target at 0.7140, waiting for more rise to visit 0.7200 that represents our next positive station.

 

Therefore, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that the continuation of the bullish wave requires holding above 0.7080.

 

The expected trading range for today is between 0.7100 support and 0.7220 resistance

 

The expected trend for today: Bullish

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