AUDUSD begins negatively – Analysis - 22-10-2018
Economies.com
2018-10-22 04:30AM UTC
The AUDUSD pair begins today’s trading with bearish bias to move below the EMA50 again, which supports the continuation of the recently suggested bearish trend scenario, which targets visiting 0.7000 level initially, supported by the negative signal that appears through stochastic.
We should note that breaching 0.7130 might push the price to test the main bearish channel’s resistance around 0.7195 before any new attempt to decline.
Expected trading range for today is between 0.7040 support and 0.7180
Expected trend for today: Bearish
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