The AUD / USD breaks the support – Analysis – 04/08/2021


The AUDUSD pair managed to break 0.7615 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming period, paving the way to head towards 0.7500 that represents our next negative target.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 0.7665.

The expected trading range for today is between 0.7560 support and 0.7665 resistance

The expected trend for today: Bearish

Origin: Economies

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Karice Dabule

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