The AUD/USD consolidates below the resistance – Analysis – 22/02/2022

forex-news-aud_1The AUDUSD pair found solid resistance at 0.7205, to hint heading to resume the negative trades in the upcoming sessions, targeting visiting 0.7125 level initially.

Therefore, the bearish bias will remain suggested for today, supported by stochastic negativity, noting that breaching 0.7205 will push the price to achieve more bullish correction and test 0.7275 level direct.

The expected trading range for today is between 0.7140 support and 0.7240 resistance

The expected trend for today: Bearish

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