AUDUSD loses momentum – Analysis - 22-06-2018

The AUDUSD pair shows some bullish bias to approach 0.7411 level again, noticing that stochastic loses the positive momentum to form negative motive that we expect to assist to push the price to decline again, which supports the expectations of continuing the bearish trend for the upcoming period, which its next target located at 0.7270, while holding below 0.7473 represents key condition to continue the expected decline.

Expected trading range for today is between 0.7300 support and 0.7450

Expected trend for today: Bearish