The AUD/USD breaches the resistance – Analysis – 04/08/2021

forex-news-audThe AUDUSD pair breached 0.7375 level and closed the daily candlestick above it, which leads the price to turn to rise and attempt to regain the main bullish trend again, on its way to test 0.7500 level as a first positive target.

Therefore, the bullish bias will be suggested for the upcoming period unless breaking 0.7000 and holding below it again.

The expected trading range for today is between 0.7370 support and 0.7480 resistance

The expected trend for today: Bullish

Origin: Economies

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