The AUDUSD hits the target – Analysis - 06-12-2021
Economies.com
2021-12-06 05:07AM UTC
The AUDUSD pair succeeded to achieve our waited target at 0.7000 and settles near it, expecting the extension of the bearish wave on the intraday and short term basis to reach 0.6915 areas as a next main target.
The EMA50 continues to support the bearish wave that moves organized inside the bearish channel that appears on the chart, noting that failing to break 0.7000 might push the price to test 0.7125 areas before any new attempt to decline.
The expected trading range for today is between 0.6960 support and 0.7060 resistance
The expected trend for today: Bearish
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