AUDUSD is stable – Analysis - 14-08-2018
Economies.com
2018-08-14 04:16AM UTC
The AUDUSD pair settles around 0.7275 level since yesterday, and stochastic begins to lose the positive momentum gradually, to support the chances of continuing the main bearish trend, organized inside the bearish channel that appears on the chart.
Therefore, we are waiting for more decline in the upcoming sessions, and the targets begin at 0.7200 and extend to 0.7075 after breaking the previous level, noting that breaching 0.7310 might push the price to test 0.7430 areas before any new attempt to decline.
Expected trading range for today is between 0.7190 support and 0.7340
Expected trend for today: Bearish
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