The AUD/USD approaches the first target – Analysis – 09/02/2021

forex-news-aud_1The AUDUSD pair bounced upwards clearly after leaning on 0.7665 level yesterday, to approach our first waited target at 0.7760, reinforcing the expectations of continuing the bullish trend, which its next target located at 0.7820.

Moving above the EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.7625 and holding below it.

The expected trading range for today is between 0.7665 support and 0.7800 resistance

The expected trend for today: Bullish

Origin: Economies

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