Forex

Midday update for the AUDUSD 16-08-2022

2022-08-16 10:03:34 GMT (Economies.com)

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

 

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The expected trend for today: Bearish

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