Midday update for AUDUSD 26-11-2018
Economies.com
2018-11-26 10:53AM UTC
The AUDUSD pair tests the key resistance 0.7277 now, and it needs to hold below this level to keep the bearish trend scenario active for today, as breaching this level will push the price to turn to rise.
Until now, we will keep our bearish overview conditioned by the daily close stability below 0.7277, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 0.7080.
Expected trading range for today is between 0.7150 support and 0.7277
Expected trend for today: Bearish
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