The AUDUSD presses on the support – Analysis - 07-06-2022

Economies.com
2022-06-07 04:08AM UTC

The AUDUSD pair bounced bearishly to touch 0.7160 level and begins to press negatively on it now, which supports the continuation of the expected bearish trend scenario on the intraday basis, which targets 0.7100 as a next station.

 

Note that failing to break 0.7160 will lead the price to achieve intraday gains and head to test 0.7265 before determining the next destination clearly.

 

The expected trading range for today is between 0.7110 support and 0.7210 resistance

 

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The expected trend for today: Bearish

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