AUDUSD tests the moving average – Analysis - 18-12-2018
Economies.com
2018-12-18 05:04AM UTC
The AUDUSD pair tested 0.7200 level yesterday, and the price is under a continuous negative pressure that comes from the EMA50, while stochastic shows clear negative signals now.
Therefore, we believe that the chances are available for resuming the bearish bias in the upcoming sessions, waiting for targeting 0.7080 then 0.7020 levels as next main stations, reminding you that the continuation of the expected decline depends on the stability below 0.7277 level.
Expected trading range for today is between 0.7080 support and 0.7220
Expected trend for today: Bearish
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