The AUD/USD gets a positive close – Analysis – 11/07/2023

forex-news-aud_1The AUDUSD pair returned to rise to breach 0.6665 level and close the daily candlestick above it, to hint heading to start bullish wave on the intraday basis, and we suggest visiting 0.6780 level as a next main station.

Moving above the EMA50 supports the expected bullish trend, and breaching 0.6705 will ease the mission of achieving the waited target, while the bullish trend will remain valid unless breaking 0.6665 and holding below it.

The expected trading range for today is between 0.6640 support and 0.6750 resistance

The expected trend for today: Bullish

Origin: Economies

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