The AUD/USD touches the extended target – Analysis – 21/03/2022

aud_newsThe AUDUSD pair succeeded to touch our waited target at 0.7420 and faces solid resistance there, to show some temporary bearish bias now, affected by stochastic negativity, waiting to get positive momentum to assist to push the price to surpass the mentioned level and open the way to ehad towards 0.7555 as a next positive station.

In general, the bullish trend scenario will remain remain suggested for the upcoming period unless breaking 0.7340 and holding below it.

The expected trading range for today is between 0.7350 support and 0.7460 resistance

The expected trend for today: Bullish

Origin: Economies

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