AUDUSD confirms breaking the support – Analysis - 13-08-2018
Economies.com
2018-08-13 04:16AM UTC
The AUDUSD pair confirmed breaking 0.7310 level after ending last week below it, to activate the bearish trend scenario on the intraday and short term basis, to keep declining within the bearish channel that appears on the chart.
Therefore, the bearish trend will be expected in the upcoming period, and the targets begin at 0.7200 and extend to 0.7075, noting that holding below 0.7370 represents key condition to continue the expected decline.
Expected trading range for today is between 0.7190 support and 0.7350
Expected trend for today: Bearish
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