The AUDUSD loses momentum – Analysis - 26-06-2020
Economies.com
2020-06-26 04:34AM UTC
The AUDUSD pair continues to fluctuate around the EMA50 and settles below it, noticing that stochastic loses its positive momentum to reach the overbought areas, which supports the chances of resuming the expected bearish trend for the upcoming period, which targets 0.6700 level as a next main station.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6900, as breaching this level is considered as positive key that will lead the price to attempt to regain the main bullish trend and head towards 0.7064 areas initially.
The expected trading range for today is between 0.6800 support and 0.6950
The expected trend for today: Bearish
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