The AUD/USD reaches the target – Analysis – 16/04/2021

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair succeeded to reach our waited target at 0.7765, getting positive support by the EMA50, to support the chances of breaching the mentioned level and open the way to achieve more gains, noting that the next stations extend to 0.7840 followed by 0.7900.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to achieve the required breach will press on the price to rebound bearishly and head to visit 0.7615 before any new attempt to rise.

The expected trading range for today is between 0.7700 support and 0.7820 resistance

The expected trend for today: Bullish

Origin: Economies

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