Midday update for AUDUSD 22-11-2017
Economies.com
2017-11-22 10:21AM UTC
The AUDUSD pair shows calm bearish bias since morning in its way to test 0.7516 level, and it is under continuous negative pressure that comes from the EMA50 besides the negative that comes from stochastic, which supports the chances for breaking the mentioned level and opening the way towards 0.7415.
Therefore, we will keep preferring the bearish trend in the upcoming period unless breaching 0.7633 level and holding above it.
Expected trading range for today is between 0.7460 support and 0.7633
Expected trend for today: Bearish
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