AUDUSD touches the target – Analysis - 19-06-2018

Economies.com
2018-06-19 03:40AM UTC

The AUDUSD pair managed to touch 0.7411 level and settles around it now, noticing that the price begins attempts to break this level, which reinforces the expectations of achieving more decline in the upcoming sessions, paving the way to head towards 0.7285 as a next target.

 

Therefore, the bearish trend will remain expected on the intraday and short term basis unless breaching 0.7507 followed by 0.7566 levels and holding above them.

 

Expected trading range for today is between 0.7320 support and 0.7475

 

Expected trend for today: Bearish

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