The AUDUSD faces solid support – Analysis - 19-09-2022
Economies.com
2022-09-19 04:14AM UTC
The AUDUSD pair found solid support at 0.6700 level, to show some bullish bias and move above it, noticing that the price begins today with new decline to press on the mentioned level, reinforcing the expectations of continuing the domination of the bearish trend, supported by stochastic loss to the positive momentum, waiting to head towards 0.6610 that represents our next main target.
Therefore, the bearish trend scenario will remain active, noting that breaching 0.6730 will push the price to attempt to recover and achieve gains that reach 0.6800 before any new attempt to decline.
The expected trading range for today is between 0.6640 support and 0.6750 resistance
The expected trend for today: Bearish
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