The AUDUSD presses on the support – Analysis - 08-11-2019
Economies.com
2019-11-08 05:39AM UTC
The AUDUSD pair continues to fluctuate around 0.6895 level and keeps its stability below it, starting new attempts to break the intraday bullish channel’s support line that appears on the chart, to kepe the bearish trend scenario valid for the upcoming period, waiting to visit 0.6825 followed by 0.6755 levels as next main targets.
On the other hand, we should note that breaching 0.6895 and holding above it again will reactivate the correctional bullish scenario that its first main target located at 0.7015.
The expected trading range for today is between 0.6800 support and 0.6930
The expected trend for today: Bearish
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