The AUD/USD breaches the resistance – Analysis – 02/02/2022

forex-news-audThe AUDUSD pair traded with clear positivity yesterday to breach 0.7125 level and settle above it, to head towards achieving new bullish correction, targeting visiting 0.7205 areas as a next main station.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.7125 and holding below it will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 0.7090 support and 0.7190 resistance

The expected trend for today: Bullish

Origin: Economies

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