The AUDUSD breaks the support – Analysis - 27-03-2023
Economies.com
2023-03-27 03:06AM UTC
The AUDUSD pair managed to break 0.6665 level and hold with a daily close below it, which supports the continuation of our bearish overview efficiently for the upcoming period, opening the way to visit 0.6550 that represents our next main target.
The EMA50 forms negative pressure now that supports the expectations to decline, noting that breaching 0.6665 will stop the suggested decline and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.6570 support and 0.6690 resistance
The expected trend for today: Bearish
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