The AUDUSD approaches the resistance – Analysis - 14-10-2019
Economies.com
2019-10-14 04:48AM UTC
The AUDUSD pair reaches the bearish channel’s resistance that appears on the chart, waiting to rebound bearishly to resume trading inside this channel, as the EMA50 forms negative pressure to support the continuation of the main bearish trend, while stochastic shows overbought signals now.
Therefore, we believe that the chances are valid to trade negatively in the upcoming sessions, noting that the next main target reaches 0.6595, while holding below 0.6825 represents key condition to achieve it.
The expected trading range for today is between 0.6700 support and 0.6830
The expected trend for today: Bearish
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