Midday update for the AUDUSD 16-08-2022

2022-08-16 10:03:34 GMT (

The AUDUSD pair shows additional negative trades to approach 0.6980 level, and the way seems open to continue the decline to visit the bullish channel’s support line around 0.6950, to keep the bearish trend active for today unless the price rallied to breach 0.7050 and holding above it.


The expected trading range for today is between 0.6960 support and 0.7070 resistance


Open Live Trading Account

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Economies 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 Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.