The AUDUSD hits the target – Analysis - 10-06-2022
1 year ago

The AUDUSD pair broke 0.7160 level strongly to rally bearishly and touch our waited target at 0.7100, and we expect the continuation of the negative pressure in the upcoming sessions to achieve more negative targets that reach 0.7050 followed by 0.6995.


Therefore, we are waiting for more decline on the intraday basis, noting that breaching 0.7160 will stop the current negative pressure and lead the price to attempt to regain the bullish trend again.



The expected trading range for today is between 0.7040 support and 0.7140 resistance


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The expected trend for today: Bearish

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