The AUDUSD resumes the decline – Analysis - 26-07-2021
Economies.com
2021-07-26 03:52AM UTC
The AUDUSD pair returned to decline after consolidating below 0.7375, and the EMA50 forms good negative pressure against the price, to support the chances of continuing the bearish trend that targets 0.7230 as a next station.
Note that breaching 0.7375 will push the price to achieve intraday rise that its targets begin by testing 0.7450.
The expected trading range for today is between 0.7290 support and 0.7380 resistance
The expected trend for today: Bearish
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