AUDUSD keeps its negative stability – Analysis - 24-11-2017

Economies.com
2017-11-24 04:39AM UTC

The AUDUSD pair provided sideways and tight trades yesterday settling below 0.7633, to keep the negative pressure valid until now, supported by the negative signal that appears through stochastic, waiting to resume the bearish bias that targets testing 0.7516 level initially.

 

We remind you that breaking the mentioned level will push the price towards 0.7415 as a next main station, while breaching 0.7633 will push the price to test 0.7727 before any new attempt to decline.

 

Expected trading range for today is between 0.7520 support and 0.7680

 

Expected trend for today: Bearish

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