Midday update for the AUDUSD 03-05-2019

Economies.com
2019-05-03 10:28AM UTC

The AUDUSD pair continues to decline calmly to move below 0.7000, to reinforce the expectations of achieving more decline in the upcoming period, organized inside the bearish channel that appears on the chart, waiting to target 0.6905 followed by 0.6800 levels as next stations, while achieving them conditions holding below 0.7044 level.

 

The expected trading range for today is between 0.6920 support and 0.7044

 

The expected trend for today: Bearish

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