The AUD/USD resumes the decline – Analysis – 09/07/2021

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair traded with clear negativity to approach our waited target at 0.7375, waiting for more decline on the intraday and short term basis, noting that breaking the mentioned level will extend the bearish wave to reach 0.7230 as a next negative station.

Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 0.7500 and hold above it.

The expected trading range for today is between 0.7350 support and 0.7480 resistance

The expected trend for today: Bearish

Origin: Economies

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