The AUDUSD surpasses the resistance – Analysis - 22-07-2022
Economies.com
2022-07-22 04:10AM UTC
The AUDUSD pair rallied upwards after leaning on the intraday bullish channel’s support line, to breach 0.6910 and settles above it, hinting heading towards achieving more expected bullish correction, but it begins today with clear decline to press on the mentioned level.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, as holding above it will push the price to head towards 0.6980 as a next positive target, while breaking it followed by breaking 0.6885 will press on the price to decline again and visit 0.6820 as a next negative station.
The expected trading range for today is between 0.6860 support and 0.6980 resistance
The expected trend for today: Bullish
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