The AUDUSD under the negative pressure – Analysis - 12-01-2021

2021-01-12 05:23:33 GMT (Economies.com)
 

The AUDUSD pair broke the main bullish channel’s support line and settles below it, approaching to form head and shoulders’ pattern that its signs appear on the chart, which supports the chances of achieving more expected decline in the upcoming sessions, to head towards testing 0.7624 level initially.

 

Therefore, the bearish bias will be expected for today, noting that surpassing the mentioned level will extend the correctional bearish wave to reach 0.7504 as a next target, while the expected decline will remain valid unless breaching 0.7725 level and holding above it.

 

The expected trading range for today is between 0.7600 support and 0.7725

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2165
-0.0008
0.0653%
1.4151
0.0015
0.1089%
Tadawul
10322.68
86.96
0.85%
27.562
-0.242
0.870%
64.980
-0.412
0.630%
68.29
-0.07
0.10%
1835.115
-9.110
0.494%
 
 
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