The AUD/USD is stable below the resistance – Analysis – 28/02/2022

aud_newsThe AUDUSD pair keeps its stability below 0.7205, to keep the negative pressure valid on the intraday basis, noticing that stochastic overlaps negatively to support resuming the negative trades and head to test 0.7125 initially, reminding you that breaking this level will push the price to 0.7000 as a next main target.

Note that breaching 0.7205 will push the price to achieve intraday gains that start by testing 0.7275 level.

The expected trading range for today is between 0.7100 support and 0.7230 resistance

The expected trend for today: Bearish

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