The AUD/USD breaks the support – Analysis – 01/07/2021

newzeeland_dollarThe AUDUSD pair begins today with new negativity to break 0.7500 and attempts to settle below it, reinforcing the expectations of continuing the bearish trend, which its next target located at 0.7375.

The EMA50 supports the suggested bearish wave, noting that failing to confirm breaking 0.7500 might push the price to start intraday bullish wave that targets testing 0.7615 initially.

The expected trading range for today is between 0.7440 support and 0.7540 resistance

The expected trend for today: Bearish

Origin: Economies

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