AUDUSD loses momentum – Analysis - 17-12-2018
Economies.com
2018-12-17 05:05AM UTC
The AUDUSD pair provided clear negative trades on last Friday to test 0.7150 areas, as the price falls under continuous negative pressure formed by the EMA50, while stochastic loses its positive momentum gradually.
Therefore, our bearish overview will remain valid for the upcoming period conditioned by the price stability below 0.7277, reminding you that the main waited targets begin at 0.7080 and extend to 0.7020.
Expected trading range for today is between 0.7080 support and 0.7220
Expected trend for today: Bearish
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