The AUD/USD tests the moving average – Analysis – 27/09/2021

aud_newsThe AUDUSD pair bounced bullishly after approaching 0.7225 level, to test the EMA50 now, affected by stochastic positivity, waiting to get negative momentum that assist to push the price to break the mentioned support and open the way to head towards 0.7100.

In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7375 and holding above it.

The expected trading range for today is between 0.7210 support and 0.7335 resistance

The expected trend for today: Overall bearish

Origin: Economies

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