AUDUSD continues to decline – Analysis - 21-02-2018
Economies.com
2018-02-21 05:09AM UTC
The AUDUSD pair resumes its negative trading by today’s opening to approach our waited target at 0.7820, to keep the bearish bias suggested in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 0.7726 as a next station.
The EMA50 forms negative pressure that supports the expected decline, while breaching 0.7936 represents the key to return to resume the main bullish trend again and stop the current negative pressure.
Expected trading range for today is between 0.7770 support and 0.7900
Expected trend for today: Bearish
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