The AUD/USD approaches the target – Analysis – 12/04/2022

forex-news-aud_1The AUDUSD pair shows more bearish bias to reach the thresholds of the waited target at 0.7395, expecting to surpass this level to open the way to head towards 0.7315 that represents the next correctional target.

Therefore, the bearish trend scenario will remain dominant unless breaching 0.7495 and holding above it.

The expected trading range for today is between 0.7350 support and 0.7450 resistance

The expected trend for today: Bearish

Origin: Economies

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