The AUDUSD draws negative formation – Analysis - 25-01-2021
Economies.com
2021-01-25 02:25AM UTC
The AUDUSD pair settled below the EMA50, and the price draws triple top pattern that its signs appear on the chart, to continue suggesting the bearish trend on the intraday basis, which targets breaking 0.7665 to confirm activating the negative pattern followed by achieving negative targets that start at 0.7625 and extend to 0.7505.
Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 0.7775 and hold above it.
The expected trading range for today is between 0.7650 support and 0.7775
The expected trend for today: Bearish
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