The AUDUSD keeps rising – Analysis - 04-08-2022

Economies.com
2022-08-04 04:05AM UTC

The AUDUSD pair provides additional positive trades to approach our first waited target at 0.6980, and we expect to surpass this level to head towards 0.7050 as a next positive station.

 

Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 0.6910 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 0.6910 support and 0.7020 resistance

 

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The expected trend for today: Bullish

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