The AUD/USD achieves additional gains – Analysis — 04/10/2021

The AUDUSD pair surpassed 0.7225 level to reach the bearish channel’s resistance direct, and keeps its stability below it until now, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the main bearish trend, which its next target located at 0.7100.

Therefore, we will keep our bearish overview conditioned by the price stability below 0.7270.

The expected trading range for today is between 0.7200 support and 0.7300 resistance

The expected trend for today: Bearish

Origin: Economies

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