AUDUSD attempts to breach – Analysis - 16-10-2018
Economies.com
2018-10-16 04:21AM UTC
The AUDUSD pair hovers around 0.7130 level, and it managed to close yesterday below this level, which keeps the bearish trend scenario active until now, supported by stochastic negativity that appears clearly on the four hours’ time frame.
Therefore, we are waiting for negative trades in the upcoming sessions conditioned by the price stability below 0.7130, reminding you that we are waiting to visit 0.7000 level as a next station.
Expected trading range for today is between 0.7050 support and 0.7180
Expected trend for today: Bearish
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