Midday update for the AUDUSD 07-08-2019

Economies.com
2019-08-07 09:03AM UTC

The AUDUSD pair flcutautes near 0.6700 level, and the negative pressure remains valid, depending on the stability below 0.6830 level, waiting for resuming the bearish wave that its next main target at 0.6625, pointing that the EMA50 supports the expectations of moving lower.

 

The expected trading range for today is between 0.6625 support and 0.6750

 

The expected trend for today: Bearish

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