The AUDUSD begins negatively – Analysis - 18-10-2021
Economies.com
2021-10-18 04:23AM UTC
The AUDUSD pair opens today with bearish bias to press on 0.7405 level, which urges caution from the upcoming trading, as breaking this level will press on the price to test the most important support at 0.7360 before resuming the bullish trend again.
Until now, the bullish trend scenario still active unless breaking 0.7360 and holding below it, supported by the EMA50 that continues to carry the price from below, reminding you that our next target is located at 0.7478.
The expected trading range for today is between 0.7370 support and 0.7460 resistance
The expected trend for today: Bullish
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