The AUDUSD surpasses the target – Analysis - 18-06-2019

Economies.com
2019-06-18 04:34AM UTC

The AUDUSD pair succeeded to achieve our waited target at 0.6860 and surpassed it to confirm extending the bearish wave on the short term basis, paving the way to head towards 0.6707 that represents our next main target.

 

Therefore, we are waiting for more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that holding below 0.6860 represents initial condition to continue the suggested decline.

 

The expected trading range for today is between 0.6750 support and 0.6860

 

The expected trend for today: Bearish

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