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AUDUSD analysis

22.03.2021

Market Review

The Australian dollar against the US dollar maintains its stability below 0.7765, to keep the negative pressure in place for the upcoming period, supported by moving below the EMA50, waiting to head towards 0.7615 initially.

On the other hand, we should note that breaching 0.7765 and building a base above it will stop the suggested negative scenario and push the price to initially test 0.7900 areas.

The expected trading range for today is between 0.7670 support and 0.7770 resistance

The expected general trend for today: Bearish

Author: GC
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