The AUDUSD touches the first target – Analysis - 12-02-2021

Economies.com
2021-02-12 05:01AM UTC

The AUDUSD pair managed to touch our first waited target at 0.7760 and shows some slight bearish bias now, affected by stochastic negativity, waiting to get enough positive momentum to pus hthe price to resume the main bullish trend, which its next target located at 0.7820.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that holding above 0.7625 is important to continue the expected rise.

 

The expected trading range for today is between 0.7680 support and 0.7820 resistance

 

The expected trend for today: Bullish

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