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The AUDUSD gets a negative motive – Analysis - 21-10-2022
The AUDUSD pair tested the bearish channel’s resistance and kept its stability below it, to keep the bearish trend scenario valid for the upcoming period, supported by the negative signal provided by stochastic now, waiting to test 0.6170 as a first main target.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.6300.
The expected trading range for today is between 0.6210 support and 0.6320 resistance
The expected trend for today: Bearish
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