The AUD/USD approaches the target – Analysis – 28/07/2020

forex-news-aud_1The AUDUSD pair traded with clear positivity yesterday to approach our waited target at 0.7200, starting today with bearish bias affected by stochastic negativity, and it might test the key support levels between 0.7095 and 0.7065 before turning back to rise again.

Until now, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above the mentioned support lines, noting that surpassing 0.7200 will push the price to 0.7290 as a next main target.

The expected trading range for today is between 0.7065 support and 0.7200

The expected trend for today: Bullish

Origin: Economies

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