AUDUSD retests successfully – Analysis - 21-12-2018
Economies.com
2018-12-21 05:06AM UTC
The AUDUSD pair keeps its stability below the neckline of the head and shoulders’ pattern, which keeps this pattern’s effect active until now, supporting the chances of heading towards our main waited target at 0.7020.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.7140 will stop the expected decline and push the price to test 0.7277 areas before any new attempt to decline.
Expected trading range for today is between 0.7020 support and 0.7150
Expected trend for today: Bearish
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