The AUDUSD fails to breach – Analysis - 14-03-2023

Economies.com
2023-03-14 03:54AM UTC

The AUDUSD pair couldn’t manage to confirm breaching 0.6665 level, and begins today with bearish bias that hints resuming the correctional bearish wave, on its way to visit 0.6550 as a next negative target.

 

Therefore, we expect to witness negative trades in the upcoming sessions, organized inside the bearish channel that appears on the chart, supported by the EMA50 that presses negatively on the price.

 

On the other hand, we should note that breaching 0.6665 followed by 0.6720 levels will stop the expected decline and lead the price to turn to rise.

 

The expected trading range for today is between 0.6560 support and 0.6690 resistance

 

The expected trend for today: Bearish

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