The AUDUSD presses on the support – Analysis - 27-01-2020
Economies.com
2020-01-27 05:53AM UTC
The AUDUSD pair shows more bearish bias to attack the bullish channel’s support line and moves below it now, which hints the price head to achieve more decline in the upcoming period, on its way to visit the previously recorded low at 0.6670 as a first negative target.
Therefore, the bearish trend will be expected unless breaching 0.6875 level and holding above it.
The expected trading range for today is between 0.6750 support and 0.6840
The expected trend for today: Bearish
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