AUDUSD under strong negative pressure – Analysis - 06-12-2018
Economies.com
2018-12-06 05:13AM UTC
The AUDUSD pair traded with strong negativity yesterday to break 0.7277 level and settles below it, starting today with more strong decline to break the correctional bullish channel’s support line and hints the return to the main bearish trend and stop the bullish correction that it started recently.
Therefore, the bearish trend will be suggested in the upcoming sessions, to start the negative targets at 0.7080 and extend to 0.7020, noting that the continuation of the expected decline depends on the price stability below 0.7277.
Expected trading range for today is between 0.7140 support and 0.7277
Expected trend for today: Bearish
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