The AUDUSD is retesting – Analysis - 04-11-2021
Economies.com
2021-11-04 05:37AM UTC
The AUDUSD pair retests 0.7460 level and settles below it until now, accompanied by stochastic loss to the positive momentum gradually, waiting to motivate the price to resume the correctional bearish trend, which targets 0.7400 followed by 0.7360 levels as next main stations.
Holding below 0.7460 is important to continue the expected decline, as breaching it will stop the correctional bearish trend and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.7400 support and 0.7480 resistance
The expected trend for today: Bearish
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