Midday update for the AUDUSD 16-07-2019
Economies.com
2019-07-16 09:38AM UTC
The AUDUSD pair begins to provide slight negative trading in attempt to move away from 0.7044 level, to keep the bearish trend scenario active for today, suppored by stochastic move at the overbought areas, waiting to break 0.6970 level to ease the mission of heading towards 0.6900 that represents our next main target, reminding you that it is important to hold below 0.7044 to continue the expected decline.
The expected trading range for today is between 0.6980 support and 0.7080
The expected trend for today: Bearish
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