The AUD/USD hits the extended target – Analysis – 20/09/2021

aud_newsThe AUDUSD pair succeeded to achieve our waited target at 0.7225 and presses negatively on it, to hint heading to achieve more decline in the upcoming sessions, noting that breaking this level will open the way to head towards 0.7100 as a next target.

On the other hand, we should note that failing to achieve the required break will lead the price to start recovery attempts that target testing 0.7325 followed by 0.7375 areas before any new attempt to decline.

The expected trading range for today is between 0.7150 support and 0.7280 resistance

The expected trend for today: Bearish

Origin: Economies

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