The AUDUSD market is structured in a short term up advance and close over 0.7121 implies a run to 0.7228. Friday’s back off hurt bull forces, but note that trade continues to close over the key 0.6996 support, keeping the trend bias up. A close under 0.6967 alerts for a short term turnover for a retracement back under 0.6930.
Last Updated Date: 2 February 2022 @ 9:14 AM (UTC)
*Please note that all the dates are in GMT time zone
