The AUDUSD hits the target – Analysis - 12-10-2021

2021-10-12 03:35:28 GMT (Economies.com)
 

The AUDUSD pair succeeded to achieve our waited target at 0.7360 and settles near it, and we suggest resuming the positive attempts to surpass this level and head towards 0.7405 as a next station.

 

Therefore, the bullish trend will remain valid for the upcoming period supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 0.7290.

 

The expected trading range for today is between 0.7290 support and 0.7400 resistance

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0339
-0.0103
0.9855%
1.1957
-0.0091
0.7516%
21.286
-0.070
0.328%
78.679
4.250
5.710%
84.88
1.73
2.08%
1750.935
0.460
0.026%
 
 
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