The AUD/USD attempts to recover – Analysis – 26/01/2022

forex-news-audThe AUDUSD pair shows positive trades after consolidating above 0.7125 level, to head towards potential test to the key resistance 0.7205, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that we need to break 0.7125 to confirm rallying towards our next main target that extends to 0.7000.

The expected trading range for today is between 0.7100 support and 0.7200 resistance

The expected trend for today: Bearish

Origin: Economies

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