The AUDUSD is recovering – Analysis - 16-06-2022

The AUDUSD pair rallied upwards strongly to breach 0.6995 level and settles above it, to head towards achieving expected gains on the intraday basis, targeting testing 0.7100 followed by 0.7160 levels as next main stations.

Therefore, the bullish bias will be suggested for the upcoming period unless breaking 0.6995 and holding below it.

The expected trading range for today is between 0.6980 support and 0.7080 resistance

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The expected trend for today: Bullish