The AUD/USD surpasses the resistance – Analysis – 27/07/2023

newzeeland_dollarThe AUDUSD pair opens today with strong positivity to breach 0.6780 level and attempts to hold above it, which leads the price to turn to rise and build bullish wave that we expect to target 0.6925 areas on the near-term basis.

Therefore, the bullish bias will be suggested for today, supported by the positivity of the technical indicators, noting that failing to consolidate above 0.6780 will stop the bullish trend and push the price to decline again.

The expected trading range for today is between 0.6750 support and 0.6870 resistance

The expected trend for today: Bullish

Origin: Economies

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