AUDUSD approaches the extended target – Analysis - 18-06-2018
Economies.com
2018-06-18 05:09AM UTC
The AUDUSD pair continued its decline to approach our next waited target at 0.7411, and the continues to move inside the bearish channel that appears on the chart, which supports the chances of continue the bearish bias on the short term basis, reminding you that breaking the mentioned level will extend the bearish wave to reach 0.7285 as a next station.
Therefore, we will continue to suggest the bearish trend for today unless breaching 0.7507 level and holding above it.
Expected trading range for today is between 0.7360 support and 0.7500
Expected trend for today: Bearish
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