AUDUSD surpasses the first target – Analysis - 22-02-2018
Economies.com
2018-02-22 05:05AM UTC
The AUDUSD pair managed to achieve our first waited target at 0.7820 and broke it to settle below it now, which confirms opening the way to head towards our next target at 0.7726, supported by the negative pressure formed by the EMA50.
Therefore, the bearish bias will remain dominant in the upcoming period, noting that breaching 0.7820 will push the price to start recovery attempts and achieve positive targets that begin by testing 0.7936.
Expected trading range for today is between 0.7726 support and 0.7860
Expected trend for today: Bearish
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