The AUDUSD shows mixed trades – Analysis - 01-08-2022
1 year ago

The AUDUSD pair provided clear negative trades in the previous sessions to test 0.6910 and rebounds bullishly from there, as it managed to hold above 0.6980 level again, which keeps our positive overview valid until now, supported by the EMA50, waiting to visit 0.7050 as a next main station.


Holding above 0.6910 is important to continue the expected rise, as breaking it will press on the price to return to the main bearish track again.



The expected trading range for today is between 0.6940 support and 0.7050 resistance


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The expected trend for today: Bullish

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