The AUD/USD reaches the extended target – Analysis – 12/08/2022

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair provided additional positive trades to reach few pips away from our waited target at 0.7140, starting today with new bullish bias, to suggest surpassing this level and open the way to head towards 0.7200 as a next target.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 unless breaking 0.7050 and holding below it.

The expected trading range for today is between 0.7060 support and 0.7180 resistance

The expected trend for today: Bullish

Origin: Economies

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