The AUDUSD knocks the door of the bullish channel – Analysis - 21-01-2021

Economies.com
2021-01-21 05:01AM UTC

The AUDUSD pair shows more rise to start attempts to return to the main bullish channel again, which hints the price head to resume the main bullish trend and stop the correctional bearish scenario, on its way to achieve positive targets that start at 0.7820 and extend to 0.7900.

 

Therefore, the bullish bias will be expected for today, noting that failing to breach 0.7775 might force the price to decline again to head towards 0.7665 followed by 0.7625 areas as initial targets.

 

The expected trading range for today is between 0.7720 support and 0.7840

 

The expected trend for today: Bullish

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