The AUDUSD under the negative pressure – Analysis - 06-12-2022

Economies.com
1 month ago

The AUDUSD pair traded with strong negativity yesterday to break 0.6767 and settles below it, to fall under expected negative pressure in the upcoming sessions, targeting testing 0.6650 initially, noting that breaking it will cause more decline towards 0.6540.

 

Therefore, the bearish bias will be suggested for today unless the price managed to breach 0.6767 and hold above it again.

 

The expected trading range for today is between 0.6650 support and 0.6770 resistance

 

The expected trend for today: Bearish

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