AUDUSD surpasses the target – Analysis - 15-06-2018

The AUDUSD pair succeeded to achieve our main waited target at 0.7507 yesterday, and it managed to break this level to confirm opening the way to extend the bearish wave on the short term basis, opening the way to target the previously recorded low at 0.7411 as a next station, noting that breaking this level will push the price towards 0.7285 on the near term basis.

Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 0.7507 and the most important 0.7585 levels and holding above them.

Expected trading range for today is between 0.7370 support and 0.7507

Expected trend for today: Bearish