Australian dollar analysis for 15.10

15.10.2021

Technical reviews

The Australian dollar against the US dollar is settling above the support floor that it formed above 0.7405, awaiting the resumption of positive trades to head towards 0.7478, which represents our next target.

In general, we continue to suggest the bullish trend for the upcoming period as long as the price remains above 0.7360, noting that the EMA50 continues to support the expected bullish wave.

The expected trading range for today is between the support 0.7370 and the resistance 0.7470

The forecast trend for today: bullish

 

 

Author: GC
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