The AUD/USD faces solid resistance – Analysis – 01/11/2021

aud_newsThe AUDUSD pair couldn’t manage to confirm breaching 0.7545 level, to rebound bearishly and hint heading to start bearish correction for the rise that started from 0.7170 areas, on its way to test 0.7460 initially, noting that breaking this level will extend the bearish wave to reach 0.7400 direct.

Therefore, the bearish bias will be suggested for today unless breaching 0.7545 and holding above it.

The expected trading range for today is between 0.7450 support and 0.7545 resistance

The expected trend for today: Bearish

Origin: Economies

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