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The AUDUSD reaches the extended target – Analysis - 18-08-2021
The AUDUSD pair achieved additional strong declie to reach the thresholds of the extended target at 0.7225, to enter the bearish channel that appears on the chart again, which supports the chances of achieving more decline and breaking the mentioned level to head towards 0.7100 as a next main station.
Therefore, we expect the continuation of the bearish bias in the upcoming sessions, noting that breaching 0.7290 will lead the price to achieve intraday gains that target testing 0.7375 before determining the next destionation clearly.
The expected trading range for today is between 0.7200 support and 0.7310 resistance
The expected trend for today: Bearish
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