The AUDUSD loses momentum – Analysis - 06-04-2021

2021-04-06 04:23:55 GMT (Economies.com)
 

The AUDUSD pair provided positive trades in the previous sessions to test the key resistance formed at 0.7660 and bounced bearishly from there, which keeps the chances valid to continue the correctional bearish trend, which its next target located at 0.7500.

 

Stochastic provides negative signals that support the expected decline, noting that breaching 0.7660 will stop the negative scenario and leads the price to attempt to regain the main bullish trend again.

 

The expected trading range for today is between 0.7560 support and 0.7670 resistance

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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