AUDUSD retests – Analysis - 20-06-2018
Economies.com
2018-06-20 03:41AM UTC
The AUDUSD pair shows some bullish bias to approach retesting 0.7411 level that was broken previously, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 0.7473, noting that our next target is located at 0.7270.
Expected trading range for today is between 0.7300 support and 0.7475
Expected trend for today: Bearish
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