The AUDUSD tests the resistance – Analysis - 23-11-2022

Economies.com
2 months ago

The AUDUSD pair tested 0.6650 level and keeps its stability below it, accompanied by stochastic loss to the positive momentum and witnessing clear negative signals now, which supports the chances of resuming the expected bearish trend for the upcoming period, which targets 0.6540 mainly.

 

Therefore, we will keep our bearish overview unless breaching 0.6650 and holding with a daily close above it.

 

The expected trading range for today is between 0.6560 support and 0.6680 resistance

 

The expected trend for today: Bearish

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