Midday update for AUDUSD 12-02-2019

Economies.com
2019-02-12 10:38AM UTC

The AUDUSD pair shows tight and sideways trading since morning, settling around 0.7075, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the bearish trend that targets 0.7000 as a next station, while its continuation conditions holding below 0.7185.

 

The expected trading range for today is between 0.7000 support and 0.7120

 

The expected trend for today: Bearish

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