AUD/USD Analysis

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CarlMax
Posts: 233
Joined: 16 Jul 2022, 11:06

AUD/USD Analysis

The AUD/USD pair couldn’t continue the rise, press the 0.6400 level again, or hint at a decline again. However, we prefer to stay neutral until the price confirms its situation according to the mentioned support, followed by clearly detecting its next destination.

Note that breaking this support will push the price to achieve new negative targets that start by visiting 0.6340 areas, while consolidating above it will lead the price to build an intraday bullish wave that targets testing 0.6545 areas mainly. The expected trading range for today is between 0.6350 support and 0.6460 resistance.

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