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AUDUSD hovers around the support – Analysis - 05-03-2018
The AUDUSD pair fluctuates around 0.7743 level, and we still waiting the price stability below this level to confirm the continuation of the decline in the upcoming period, noting that the EMA50 forms negative pressure to support the negative overview.
Therefore, the bearish trend will remain valid in the upcoming sessions unless the price rallied to breach 0.7818 and hold above it, reminding you that our next target is located at 0.7650.
Expected trading range for today is between 0.7650 support and 0.7818
Expected trend for today: Bearish
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