AUDUSD continues to decline – Analysis - 12-02-2019
Economies.com
2019-02-12 05:16AM UTC
The AUDUSD pair provided additional negative trades yesterday and settles around 0.7075 now, falling under continuous negative pressure that comes by the EMA50, which supports the expectations of continuing the bearish trend on the intraday basis, as our next target is located at 0.7000.
Holding below 0.7185 is important to continue the suggested bearish wave, and breaking 0.7000 will push the price towards 0.6930 direct.
The expected trading range for today is between 0.7000 support and 0.7120
The expected trend for today: Bearish
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