The AUDUSD continues to decline – Analysis - 16-05-2019
Economies.com
2019-05-16 00:43AM UTC
The AUDUSD pair shows more bearish bias to approach our waited target at 0.6905, noting that we suggest the continuation of the bearish trend towards our extended target at 0.6800, supported by the negative pressure provided by the EMA50, reminding you that the continuation of the expected decline conditions the price stability below 0.7044.
The expected trading range for today is between 0.6870 support and 0.6980
The expected trend for today: Bearish
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