AUDUSD loses momentum – Analysis - 24-10-2018
Economies.com
2018-10-24 04:15AM UTC
The AUDUSD pair tests the EMA50 that forms intraday resistance now, accompanied by witnessing clear overbought signals through stochastic, to support the chances of bouncing bearishly to resume the recently suggested bearish trend, which depends on the price stability inside the main bearish channel that appears on the chart.
Therefore, we will be waiting for negative trades in the upcoming sessions conditioned by the price stability below 0.7180, reminding you that our next main target is located at 0.7000.
Expected trading range for today is between 0.7030 support and 0.7160
Expected trend for today: Bearish
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