The AUD/USD tests the support – Analysis – 27/08/2021

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair provided negative trades to test the key support 0.7225, and keeps its stability above it until now, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the bullish trend that targets 0.7305 followed by 0.7375 levels mainly.

Note that breaking 0.7225 will stop the expected rise and press on the price to resume the main bearish wave.

The expected trading range for today is between 0.7190 support and 0.7305 resistance

The expected trend for today: Bullish

Origin: Economies

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