The AUDUSD touches the first target – Analysis - 19-07-2022

Economies.com
2022-07-19 04:17AM UTC

The AUDUSD pair managed to touch our first waited target at 0.6845 and decline from there temporarily to gather positive momentum that assists to push the price to rise again now, waiting to breach the mentioned level to open the way to extend the correctional bullish wave to target 0.6890 followed by 0.6930 levels as next stations.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6795.

 

The expected trading range for today is between 0.6790 support and 0.6890 resistance

 

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The expected trend for today: Bullish

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