The AUD/USD under the negative pressure – Analysis – 03/02/2022

newzeeland_dollarThe AUDUSD pair continues to fluctuate at 0.7125 level, and kept the last daily candlestick above it, to keep the bullish trend valid until now, waiting to head towards 0.7205 that represents the next positive target.

Stochastic reaches the oversold areas to support the positive overview, which will remain valid unless breaking 0.7125 and holding with a daily close below it.

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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