The AUDUSD under the negative pressure – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
The AUDUSD pair found solid resistance at 0.7265, to rebound downwards clearly and attack the bullish channel’s support line, which hints heading to return to the main bearish track again, noting that breaking 0.7160 will confirm the continuation of the decline and achieve negative targets that start at 0.7100.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7130 support and 0.7240 resistance
The expected trend for today: Bearish
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