AUDUSD under the negative pressure – Analysis - 04-02-2019
Economies.com
2019-02-04 04:53AM UTC
The AUDUSD pair faces negative pressure to attack 0.7235 level and moves below it now, noticing that the price completes forming minor double top pattern now, which makes us suggest witnessing more decline in the upcoming sessions, targeting visiting 0.7170 followed by 0.7100 levels mainly.
Therefore, the bearish bias will be expected today unless the price managed to step above 0.7235 level and hold above it again.
Expected trading range for today is between 0.7170 support and 0.7270
Expected trend for today: Bearish
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