The AUD/USD confirms the breach – Analysis – 05/07/2023

forex-news-aud_1The AUDUSD pair provided additional positive trades to move away from 0.6665 level, to activate the positive scenario on the intraday basis and head to achieve gains that reach 0.6780.

Therefore, the bullish bias will be suggested in the upcoming period, supported by moving above the EMA50, noting that breaching 0.6705 will ease the mission of achieving the expected rise, while breaking 0.6665 represents negative factor that will push the price to return to the correctional bearish track again.

The expected trading range for today is between 0.6650 support and 0.6750 resistance

The expected trend for today: Bullish

Origin: Economies

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