The AUDUSD presses on the support – Analysis - 22-11-2019

Economies.com
2019-11-22 05:56AM UTC

The AUDUSD pair attempts to break the support line that appears on the chart, noticing that stochastic provides negative overlapping signal now that we are waiting to motivate the price to break the mentioned support and open the way to achieve our negative targets that start at 0.6725 followed by 0.6670.

 

Therefore, the bearish trend will remain suggested for today upcoming period unless breaching 0.6840 level and holding above it.

 

The expected trading range for today is between 0.6740 support and 0.6820

 

The expected trend for today: Bearish

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