The AUDUSD activates the negative pattern – Analysis - 23-09-2020
Economies.com
2020-09-23 03:37AM UTC
The AUDUSD pair managed to confirm breaking 0.7190 level, to complete forming the double top pattern that appears on the chart, reinforcing the expectations of continuing the bearish trend on the intraday basis, reminding you that our waited targets begin at 0.7100 and extend to 0.6964.
The EMA50 continues to support the suggested bearish wave, noting that breaching 0.7190 will stop the current negative pressure and leads the price to attempt to regain the mian bullish trend again.
The expected trading range for today is between 0.7050 support and 0.7190
The expected trend for today: Bearish
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