The AUDUSD resumes the bearish correction – Analysis - 16-03-2023
Economies.com
2023-03-16 04:31AM UTC
The AUDUSD pair traded with clear negativity yesterday and attempted to approach our waited target at 0.6550, to keep the correctional bearish scenario active, waiting for additional negative trades in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 0.6400 as a next negative station.
The EMA50 continues to support the suggested bearish wave, organized inside the bearish channel that appears on the chart, noting that breaching 0.6695 will stop the expected decline and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.6565 support and 0.6670 resistance
The expected trend for today: Bearish
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