AUD USD under the negative pressure – Analysis - 03/11/2014
Economies.com
2014-11-03 06:11AM UTC
The AUDUSD pair couldn’t manage to surpass 0.8895 barrier in the recent sessions, to bounce bearishly and break the bullish intraday trend line targeting the critical support 0.8660.
Now, the sideways range will be dominating the intraday trading between the above mentioned levels, waiting to breach one of them to detect the next targets clearly, noting that breaking 0.8660 support will push the price for more decline that its next targets reach 0.8400, while breaching the resistance will reactivate the short term bullish trend scenario to target 0.9220 areas mainly.
Expected trading range for today is between: 0.8660 support and 0.8855 resistance.
Expected trend for today: Sideways
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