The AUDUSD approaches the first target – Analysis – 30-06-2021

The AUDUSD pair reached the thresholds of the first waited target at 0.7500, and falls under continuous negative pressure formed by the EMA50, to support the chances of breaking this level and open the way to head towards 0.7375 as a next main target.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.7615 and hold above it.

The expected trading range for today is between 0.7460 support and 0.7570 resistance

The expected trend for today: Bearish