The AUDUSD achieves intraday gains – Analysis - 17-06-2022
1 year ago

The AUDUSD pair bounced bullishly yesterday to touch 0.7050 level, noticing that the price faced solid resistance there to start declining, which hints heading to resume the bearish trend, waiting to break 0.6995 to confirm the continuation of the decline towards 0.6930 as a next negative station.


Therefore, the bearish bias will be suggested for the upcoming period unless breaching 0.7050 and holding above it.



The expected trading range for today is between 0.6950 support and 0.7060 resistance


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The expected trend for today: Bearish

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