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AUDUSD breaks the support – Analysis - 18-07-2018
The AUDUSD pair managed to break 0.7400 level and closed the daily candlestick below it, which forms negative factor that activates the bearish trend scenario on the intraday basis, targeting heading towards 0.7270 areas initially.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, unless the price managed to breach 0.7400 – 0.7410 levels and hold above them.
Expected trading range for today is between 0.7300 support and 0.7440
Expected trend for today: Bearish
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Brent oil completes a negative pattern – Analysis - 18-07-2018
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