AUDUSD reaches the target – Analysis - 24-12-2018

The AUDUSD pair succeeded to reach few pips away from our waited target at 0.7020, showing some slight bullish bias affected by stochastic positivity, while the head and shoulders’ pattern’s effect still active, waiting to break the mentioned level to open the way to head towards 0.6920 as a next station.

Therefore, the bearish trend will remain suggested in the upcoming sessions conditioned by the price stability below 0.7130.

Expected trading range for today is between 0.7000 support and 0.7100

Expected trend for today: Bearish