The AUD/USD presses on the support – Analysis – 13/04/2021

forex-news-aud_1The AUDUSD pair continues to press on 0.7615 support line in attempt to confirm breaking it, getting negative signals through stochastic, waiting to motiatve the price to achieve more decline and reinforce the chances of heading towards our waited target at 0.7500.

Therefore, our bearish overivew will remain valid conditioned by the price stability below 0.7665.

The expected trading range for today is between 0.7550 support and 0.7665 resistance

The expected trend for today: Bearish

Origin: Economies

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