The AUDUSD gets a negative signal – Analysis - 08-12-2022
Economies.com
2022-12-08 04:31AM UTC
The AUDUSD pair provided temporary positive trades but it faces good resistance formed by the EMA50, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 0.6650.
On the other hand, we should note that breaching 0.6767 will stop the negative scenario and lead the price to resume the bullish wave on the short term basis.
The expected trading range for today is between 0.6650 support and 0.6775 resistance
The expected trend for today: Bearish
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