The AUDUSD surpasses the target – Analysis - 22-09-2022

The AUDUSD pair traded with strong negativity to succeed achieving our waited target at 0.6610, showing more decline to surpass this level and open the way to achieve more expected bearish bias in the upcoming sessions, targeting 0.6555 followed by 0.6500 levels as next negative stations.

Therefore, we expect the continuation of the bearish trend on the intraday and short term basis, taking into consideration that the consolidation of 0.6555 level against the current negative pressure will lead the price to start recovery attempts and build intraday bullish wave that targets testing 0.6700 areas initially.

The expected trading range for today is between 0.6520 support and 0.6640 resistance

The expected trend for today: Bearish