The AUD/USD resumes the negative attempts – Analysis – 26/07/2023

forex-news-audThe AUDUSD pair begins today with clear negativity to attempt to move away from 0.6780 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that we are waiting to visit 0.6665 level as a next main target.

The negative effect of the double top pattern still active, and supports the chances of achieving the waited targets, besides the negative signals provided by the technical indicators now, noting that breaching 0.6780 will stop the expected decline and lead the price to rise again.

The expected trading range for today is between 0.6700 support and 0.6810 resistance

The expected trend for today: Bearish

Origin: Economies

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