The AUD/USD tests the support – Analysis – 06/08/2021

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair tests 0.7375 again, and the EMA50 meets this support to add more strength to it, waiting to resume the expected bullish trend for the upcoming period, which targets 0.7500 mainly.

We should note that breaking 0.7375 and holding below it will stop the expected rise and press on the price to resume the bearish trend again.

The expected trading range for today is between 0.7340 support and 0.7450 resistance

The expected trend for today: Bullish

Origin: Economies

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