The AUDUSD breaks the support – Analysis - 14-12-2021
Economies.com
2021-12-14 05:08AM UTC
The AUDUSD pair started today with clear negativity to break 0.7125 and settles below it, which puts the price under expected negative pressure in the upcoming period, to resume the main bearish trend again, on its way to visit 0.6995 as a next negative target.
Therefore, we expect to witness more decline on the intraday basis, taking into consideration that breaching 0.7125 and holding above it will lead the price to achieve new bullish correction that targets 0.7205 mainly.
The expected trading range for today is between 0.7040 support and 0.7135 resistance
The expected trend for today: Bearish
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