Midday update for the AUDUSD 17-06-2021

Economies.com
2021-06-17 10:05AM UTC

The AUDUSD pair managed to break 0.7615 level to reinforce the expectations of extending the correctional bearish wave, on its way to visit 0.7500 level that represents our next target, to keep the bearish trend valid for the rest of the day, noting that holding below 0.7615 represents key condition to continue the suggested decline.

 

The expected trading range for today is between 0.7560 support and 0.7680 resistance

 

The expected trend for today: Bearish

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