The AUDUSD presses on the support – Analysis - 11-06-2019
Economies.com
2019-06-11 04:37AM UTC
The AUDUSD pair begins testing the intraday bullish channel’s support line that appears on the chart, which forms bearish flag pattern that we are waiting to motivate the price to continue the decline in the upcoming sessions, supported by the negative pressure formed by the EMA50.
Therefore, we believe that the chances are valid to trade negatively on the intraday and short term basis, reminding you that our next main target is located at 0.6860, while achieving it conditions holding below 0.7044 and 0.7070 levels.
The expected trading range for today is between 0.6900 support and 0.7000
The expected trend for today: Bearish
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