The AUDUSD hits the first target – Analysis - 08-01-2020

Economies.com
2020-01-08 05:23AM UTC

The AUDUSD pair succeeded to achieve our first waited target at 0.6870, showing more negative trading to start pressing on the EMA50, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, as our next target is located at 0.6790.

 

Therefore, we are waiting for more decline today, reminding you that the continuation of the bearish wave depends on the price stability below 0.7015.

 

The expected trading range for today is between 0.6800 support and 0.6920

 

The expected trend for today: Bearish

 

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