Midday update for AUD USD 22/12/2014
Economies.com
2014-12-22 11:46AM UTC
The AUDUSD pair bounces lower slightly after approaching from the bearish channel’s resistance, while stochastic loses its bullish momentum gradually, and that supports the continuation of our bearish trend expectations for today, which depends on the stability below 0.8190 level, while its targets begin by attacking 0.8115 level to open the way towards 0.8045.
Expected trading range for today is between: 0.8045 support and 0.8220 resistance.
Expected trend for today: Bearish
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