The AUDUSD within continuation pattern – Analysis - 01-07-2020

The AUDUSD pair shows bullish bias since yesterday, noticing that the price is confined inside symmetrical triangle pattern that its signs apepra on the chart, which hints the price head to resume the main bullish trend, especially after surpassing 0.6900 barrier, and the price needs to breach 0.6915 level to activate the positive effect of the mentioned pattern followed by rallying to visit 0.7064 level as a next main positive target.

Therefore, we suggest witnessing more bullish bias in the upcoming sessions, taking into consideration that breaking 0.6840 will stop the suggested rise and press on the price to head towards 0.6700 direct.

The expected trading range for today is between 0.6840 support and 0.7000

The expected trend for today: Bullish