AUDUSD tests the resistance – Analysis - 23-11-2017
Economies.com
2017-11-23 05:31AM UTC
The AUDUSD pair continued its rise to reach the thresholds of the critical resistance at 0.7633,as long as the price below this level, so our bearish trend expectations will remain active, waiting for testing 0.7516 level initially.
Stochastic shows clear overbought level now to support the expectations for moving lower, being aware that breaching 0.7633 will stop the expected negative pressure and pushes the price to rise again.
Expected trading range for today is between 0.7520 support and 0.7680
Expected trend for today: Bearish
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