Forex

Midday update for AUDUSD 10-08-2018

2018-08-10 10:54:50 GMT (Economies.com)

The AUDUSD pair continues its strong decline to break 0.7310 level and attempts to hold below it, which hints the price head to activate the bearish trend scenario on the short term basis, and the price needs to get a daily close below the mentioned level to confirm extending the bearish wave towards 0.7200 that represents the next main target.

 

On the other hand, the price return to settling above 0.7310 will keep the sideways range domination valid on the intraday basis, between the mentioned support and 0.7450 resistance.

 

Expected trading range for today is between 0.7280 support and 0.7450

 

Expected trend for today: Sideways

More Analysis

Risk Disclaimer : MetaPlace Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore MetaPlace Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.