The AUDUSD resumes the decline – Analysis - 16-07-2021
Economies.com
2021-07-16 04:42AM UTC
The AUDUSD pair approached 0.7400 barrier yesterday, showing slight bullish bias now, affected by stochastic positivity, while the EMA50 continues to press negatively on the price.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 0.7500 and holding above it, reminding you that our waited target is located at 0.7375.
The expected trading range for today is between 0.7375 support and 0.7480 resistance
The expected trend for today: Bearish
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