The AUDUSD suffers more losses – Analysis - 15-06-2022
7 months ago

The AUDUSD pair broke 0.6930 level strongly and rallied bearishly to approach our extended target at 0.6830, reinforcing the expectations of continuing the bearish trend, noting that the current rise is temporary, waiting to test the resistance line formed at the broken support followed by declining again towards 0.6830.


Note that breaching 0.6930 followed by 0.6995 will stop the expected decline and lead the price to start new recovery attempts on the intraday basis.


The expected trading range for today is between 0.6850 support and 0.6950 resistance


Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

Forex Technical Analysis