The AUDUSD attacks the support – Analysis - 24-04-2019

The AUDUSD pair opens today’s trading with clear negativity to attack the key support 0.7044 and moves below it now, which hints the price head to achieve more decline in the upcoming period, but we need to get a daily close below the mentioned level to confirm the turn towards the bearish trend.

Therefore, we prefer staying aside temporarily until the price confirms closing the daily candlestick according to 0.7044 level, as holding below it will push the price towards 0.6925 as a next negative station, while stepping above it again will reactivate the bullish trend scenario that its next main target located at 0.7250.

The expected trading range for today is between 0.6950 support and 0.7100

The expected trend for today: Neutral