The AUD/USD approaches the first target – Analysis – 10/02/2022

newzeeland_dollarThe AUDUSD pair fluctuates around 0.7180 level, affected by stochastic negativity that hinders the mission of continuing the rise, waiting to get positive motive that assist to push trades to achieve our positive targets that start at 0.7205 and extend to 0.7275.

In general, we will continue to suggest the bullish trend, affected by the previously completed inverted head and shoulders’ pattern, noting that it is important to hold above 0.7125 to achieve the suggested targets.

The expected trading range for today is between 0.7125 support and 0.7240 resistance

The expected trend for today: Bullish

Origin: Economies

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