The AUDUSD loses momentum – Analysis - 16-07-2019
Economies.com
2019-07-16 04:50AM UTC
The AUDUSD pair tests 0.7044 level now and still below it, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly to resume the main bearish trend, which its first target located at 0.6900.
Therefore, we will keep our bearish overview conditioned by the price stability below 0.7044, reminding you that breaching this level will turn the intraday and short term track to rise.
The expected trading range for today is between 0.6980 support and 0.7080
The expected trend for today: Bearish
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