Midday update for the AUDUSD 16-10-2019

Economies.com
2019-10-16 10:07AM UTC

The AUDUSD pair shows calm negative trading now and crawling gradually to 0.6700, keeping the bearish trend scenario valid and active for today, supported by stochastic negativity, reminding you that holding below 0.6820 is important for the continuation of the expected decline, and its targets extend to reach 0.6595 after breaking 0.6700 level.

 

The expected trading range for today is between 0.6670 support and 0.6770

 

The expected trend for today: Bearish

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