AUDUSD declines again – Analysis - 23-02-2018
Economies.com
2018-02-23 05:29AM UTC
The AUDUSD pair begins today’s trading with bearish bias after the rise that it witnessed yesterday, as the EMA50 formed resistance barrier that stopped the price positive attempts, while stochastic provides clear negative signals on the four hours’ time frame.
Therefore, these factors support the chances of continuing the domination of the bearish trend in the upcoming sessions, noting that our next target reaches 0.7726, while breaching 0.7870 represents the key to rally to test 0.7936 areas before detecting the next destination on the short term basis.
Expected trading range for today is between 0.7726 support and 0.7900
Expected trend for today: Bearish
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