AUDUSD breaks the support – Analysis - 02-01-2019

Economies.com
2019-01-02 04:50AM UTC

The AUDUSD pair begins today’s trading with clear negativity to break 0.7020 level and settles below it now, which supports the continuation of our bearish overview efficiently in the upcoming sessions, supported by the negative pressure coming by the EMA50, waiting to target 0.6920 level as a next station, noting that it is important to hold below 0.7080 to continue the expected decline.

 

Expected trading range for today is between 0.6920 support and 0.7080

 

Expected trend for today: Bearish

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