The AUDCHF repeats the negative closings – Analysis – 18-11-2021
Economies.com
2021-11-18 05:49AM UTC
No change to the AUDCHF pair’s bearish track, as it moves away from the key resistance 0.6980, in addition to providing new negative close below the moving average 55 that forms additional barrier at 0.6810.
Therefore, we will continue to suggest the domination of the bearish bias, expecting to gather the additional negative momentum and reach 0.6652 level direct, followed by attempting to press on 23.6% Fibonacci correction level at 0.6515.
The expected trading range for today is between 0.6810 and 0.6660
The expected trend for today: Bearish
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