AUDUSD completes negative pattern – Analysis - 07-12-2017
Economies.com
2017-12-07 05:10AM UTC
The AUDUSD pair continued its negative trading to break the minor bullish channel's support that appears on the chart, we forms bearish flag pattern that adds more confirmation to the continuation of the bearish trend in the upcoming period, waiting to test 0.7516 as a next station, noting that breaking this level will confirm extending the bearish wave towards 0.7415.
Therefore, our bearish overview will remain active unless we witnessed clear breach and hold above 0.7633.
Expected trading range for today is between 0.7460 support and 0.7600
Expected trend for today: Bearish
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