Midday update for AUDUSD 20-11-2017
Economies.com
2017-11-20 10:53AM UTC
The AUDUSD pair fluctuates within tight track since morning settling around 0.7565, noticing that stochastic loses its positive momentum clearly to reach the thresholds of the overbought areas, which supports the continuation of the main bearish trend, which its targets begin by breaking 0.7516 level to confirm opening the way to head towards 0.7415.
Therefore, our bearish overview will remain valid unless breaching 0.7633 level and holding above it.
Expected trading range for today is between 0.7450 support and 0.7633
Expected trend for today: Bearish
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