The AUDUSD completes the negative pattern – Analysis - 22-11-2022
6 months ago

The AUDUSD pair ended yesterday below the broken neckline of the double top pattern, to add more confirmation to the continuation of the expected negative pressure for the upcoming period, and the way is open to achieve our waited negative target at 0.6540.


The EMA50 forms negative pressure against the price to support the expectations to decline, noting that breaching 0.6650 will stop the negative scenario and lead the price to recover again.


The expected trading range for today is between 0.6540 support and 0.6670 resistance


The expected trend for today: Bearish

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