The AUD/USD reaches the first extended target – Analysis – 29/04/2022

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair returned to decline strongly to reach 0.7050 level, and shows some bullish bias now to head towards potential test to 0.7130 level, and as long as the price is below this level, our bearish overview will remain valid, reminding you that our next main target reaches 0.6990, noting that the EMA50 continues to support the suggested bearish wave.

The expected trading range for today is between 0.7050 support and 0.7150 resistance

The expected trend for today: Bearish

Origin: Economies

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