Midday update for the AUDUSD 11-06-2019

Economies.com
2019-06-11 10:31AM UTC

The AUDUSD pair continues to fluctuate at the intraday bullish channel’s support line, waiting to confirm breaking this support to get negative motive that reinforces the expectations of continuing the bearish trend on the intraday and short term basis, which targets 0.6860 level as a next main station, reminding you that the continuation of the bearish wave conditions holding below 0.7044 and 0.7070 levels.

 

The expected trading range for today is between 0.6900 support and 0.7000

 

The expected trend for today: Bearish

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