The AUDUSD reaches the extended target – Analysis - 22-02-2021
Economies.com
2021-02-22 05:18AM UTC
The AUDUSD pair provided additional strong positive trades to reach few pips away from our extended target at 0.7915, showing some slight bearish bias affected by stochastic negativity, waiting to get positive momentum that assists to push the price to aachieve more gains in the upcoming sessions, noting that the next target is located at 0.8000.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7820.
The expected trading range for today is between 0.7820 support and 0.7950 resistance
The expected trend for today: Bullish
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