The AUDUSD surpasses the target – Analysis - 28-09-2022

The AUDUSD pair opens today’s trading with new decline to surpass our waited target at 0.6420 and confirms the continuation of the bearish trend domination, as our next target is located at 0.6350, waiting for more decline that gets continuous support by the EMA50.

Note that breaking the targeted level will extend the bearish wave to reach 0.6280 as a next negative station, noting that breaching 0.6445 might push the price to achieve temporary intraday gains and head to test the bearish channel’s resistance around 0.6550 before any new attempt to decline.

The expected trading range for today is between 0.6340 support and 0.6450 resistance

The expected trend for today: Bearish