The AUD / USD loses momentum – Analysis – 07/22/2021

The AUDUSD pair shows some bullish bias to approach testing 0.7375 level, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 0.7230 level as a next station.

Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.7375.

The expected trading range for today is between 0.7280 support and 0.7400 resistance

The expected trend for today: Bearish

Origin: Economies


Karice Dabule

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