Midday update for AUDUSD 18-06-2018
Economies.com
2018-06-18 10:37AM UTC
The AUDUSD pair shows sideways trading since morning and settles around 0.7450 level, noticing that stochastic loses its positive momentum gradually to head towards the overbought areas, to support the expectations of continuing the bearish trend that its targets begin by breaking 0.7411 level to open the way to target 0.7285 level on the near term basis, reminding you that the continuation of the expectated decline depends on holding below 0.7507.
Expected trading range for today is between 0.7360 support and 0.7500
Expected trend for today: Bearish
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