The AUDUSD surpasses the first target – Analysis - 17-05-2019

Economies.com
2019-05-17 00:46AM UTC

The AUDUSD pair keeps declining to break 0.6905 level and settles below it, reinforcing the expectations of extending the bearish wave on the short term basis, paving the way to head towards 0.6800 that represents our next main station.

 

Therefore, the bearish trend will remain dominant unless the price rallied to breach 0.7044 level and hold above it.

 

The expected trading range for today is between 0.6820 support and 0.6940

 

The expected trend for today: Bearish

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