The AUDUSD keeps achieving the negative targets – Analysis - 04-07-2022
The AUDUSD pair tests the resistance line formed at 0.6830 and keeps its stability below it, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to visit our next target that reaches 0.6750.
The bearish channel organizes the suggested bearish wave, noting that breaching 0.6830 will push the price to achieve intraday gains that target 0.6910 areas before any new attempt to decline.
The expected trading range for today is between 0.6750 support and 0.6850 resistance
The expected trend for today: Bearish