The AUDUSD reaches the target – Analysis - 06-07-2022

Economies.com
6 months ago

The AUDUSD pair reached few pips away from our extended target at 0.6755, showing some bullish bias to test 0.6800 barrier now, waiting to resume the bearish trend to achieve new negative targets that extend to 0.6700.

 

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6830 followed by 0.6875 levels and holding above them.

 

The expected trading range for today is between 0.6740 support and 0.6830 resistance

 

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The expected trend for today: Bearish

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