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The AUDUSD around the resistance – Analysis - 16-09-2019
The AUDUSD pair continues to fluctuate at the bearish channel’s resistance, and the price still stuck between the trend keys represented by 0.6830 support and 0.6885 resistance, as the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
We remind you that breaching the mentioned resistance will push the price to achieve more positive targets that reach 0.7020, while breaking the support will put the price under negative pressure to resume trading inside the main bearish channel, followed by heading towards 0.6670 initially.
The expected trading range for today is between 0.6830 support and 0.6920
The expected trend for today: Neutral
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