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AUDUSD under strong negative pressure – Analysis - 16-03-2018
The AUDUSD pair showed strong negativity yesterday to break 0.7818 level and settles below it, which puts the price under more expected negative pressure in the upcoming period, targeting testing 0.7743 level as a next station, noting that breaking this level will extend the pair’s losses to reach 0.7650 on the near term basis.
Therefore, the bearish trend will be suggested unless the price managed to breach 0.7818 level and hold above it.
Expected trading range for today is between 0.7700 support and 0.7850
Expected trend for today: Bearish
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