The AUDUSD under the negative pressure – Analysis - 31-01-2023
4 months ago

The AUDUSD pair traded with clear negativity to break 0.7060 level and settles below it, to head towards achieving expected decline and potential test to the bullish channel’s support line around 0.6945.


Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 0.7060 will stop the negative scenario and lead the price to resume the main bullish wave again.


The expected trading range for today is between 0.6970 support and 0.7075 resistance


The expected trend for today: Bearish

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