Midday update for the AUDUSD 23-09-2022
Economies.com
2022-09-23 09:19AM UTC
The AUDUSD pair shows more bearish bias to move away from the bearish channel’s resistance that appears on the chart, reinforcing the expectations of continuing the domination of the bearish trend, which its next targets located at 0.6550 followed by 0.6500, noting that stochastic continues to provide the negative signals that support the expected decline, which will remain valid unless breaching 0.6700 and holding above it.
The expected trading range for today is between 0.6550 support and 0.6680 resistance
The expected trend for today: Bearish
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