The AUD/USD approaches the new the target – Analysis – 14/07/2023

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair resumed its positive trading clearly to approach our waited target at 0.6924, and the way seems open to surpass this level and achieve more gains on the intraday and short-term basis, to head towards 0.7030 areas as a next main station.

Therefore, we suggest the continuation of the bullish bias in the upcoming sessions supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 0.6780.

The expected trading range for today is between 0.6850 support and 0.6960 resistance

The expected trend for today: Bullish

Origin: Economies

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