The AUDUSD breaks the support – Analysis - 13-06-2019

Economies.com
2019-06-13 04:42AM UTC

The AUDUSD pair managed to confirm breaking the bearish flag’s support line that appears on the chart, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that our first target is located at 0.6860.

 

Note that surpassing the mentioned target will push the price towards 0.6707 on the near term basis, while the expected decline will remain valid unless breaching 0.7044 and holding above it.

 

The expected trading range for today is between 0.6850 support and 0.6950

 

The expected trend for today: Bearish

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