The AUDUSD keeps achieving the extended targets – Analysis - 13-06-2022

2022-06-13 04:07:43 GMT (Economies.com)
 

The AUDUSD pair bounced downwards strongly to achieve our waited negative targets, reaching 0.6995, and it might test the resistance line formed at 0.7050 before resuming the decline again.

 

We expect to witness more bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50 unless breaching 0.7050 followed by 0.7100 and holding above them, noting that our next target extends to 0.6930.

 

The expected trading range for today is between 0.6960 support and 0.7050 resistance

 

Open Live Trading Account

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0358
-0.0084
0.8011%
1.1994
-0.0054
0.4470%
21.301
-0.055
0.258%
79.074
4.645
6.241%
85.24
2.13
2.56%
1752.910
2.435
0.139%
 
 
Live Forex Updates