Midday update for the AUDUSD 12-08-2019
Economies.com
2019-08-12 10:42AM UTC
The AUDUSD pair continues to decline to move away gradually from 0.6830 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by the EMA50 that protects trading inside the main bearish channel, reminding you that our main waited targets located at 0.6700 and extend to 0.6625, while achieving them conditions holding below 0.6830.
The expected trading range for today is between 0.6720 support and 0.6850
The expected trend for today: Bearish
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