AUDUSD breaks the support – Analysis - 20-04-2018
Economies.com
2018-04-20 03:55AM UTC
The AUDUSD pair broke the key support 0.7743 clearly and settled below it, which puts the price under expected negative pressure in the upcoming sessions, targeting testing 0.7650 level mainly.
Therefore, the bearish bias will be suggested for today, noting that breaking the targeted level will extend the pair’s losses to reach 0.7500, while the expected decline will remain valid unless breaching 0.7743 level and holding above it.
Expected trading range for today is between 0.7620 support and 0.7770
Expected trend for today: Bearish
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