The AUD/USD begins with strong positivity – Analysis – 20/07/2023

newzeeland_dollarThe AUDUSD pair rallies upwards by today’s open to breach 0.6780 level and heads towards regaining the bullish trend again, affected by the Australian economic data, motivated by stochastic positivity, to suggest the continuation of the bullish bias and head to achieve positive targets that reach 0.6924.

Therefore, we are waiting for more expected rise in the upcoming sessions unless breaking 0.6780 and holding below it again.

The expected trading range for today is between 0.6780 support and 0.6890 resistance

The expected trend for today: Bullish

Origin: Economies

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