The AUD/USD confirms the beginning of the bullish correction – Analysis – 18/07/2022

aud_newsThe AUDUSD pair breached 0.6790 level clearly and settles above it, to start bullish correction for the decline measured from 0.7070 to 0.6710, on its way to achieve positive targets that start at 0.6845 and extend to 0.6930.

Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.6755 and holding below it.

The expected trading range for today is between 0.6770 support and 0.6880 resistance

The expected trend for today: Bullish

Origin: Economies

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