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The AUDUSD resumes the decline – Analysis - 20-10-2022
The AUDUSD pair resumes its negative trading to move away from the bearish channel’s resistance that appears on the chart, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our first target at 0.6165, which breaking it represents the key to head towards 0.6090 as a next station.
Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 0.6320 followed by 0.6400 levels and holding above them.
The expected trading range for today is between 0.6170 support and 0.6280 resistance
The expected trend for today: Bearish
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