AUDUSD collapses – Analysis - 03-01-2019

2019-01-03 05:25:59 GMT (Economies.com)
AUDUSD collapses – Analysis - 03-01-2019
 

The AUDUSD pair begins today’s trading with sharp decline to surpass our waited negative target at 0.6920 and returns to the bearish channel that appears on the chart and touch 0.6700 areas, noticing that the price returns to move around 0.6900 now, waiting for more decline in the upcoming sessions depending on the price stability below 0.7020 barrier.

 

Therefore, we will continue to suggest the bearish trend on the short term basis conditioned by the price stability below 0.7020, noting that the mentioned bearish channel’s resistance reaches 0.6620.

 

Expected trading range for today is between 0.6800 support and 0.7020

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1358
-0.0013
0.1183%
1.2684
-0.0056
0.4415%
15.294
-0.047
0.306%
58.847
1.245
2.161%
65.05
0.19
0.29%
1412.285
13.275
0.949%
 
 
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