Forex

Midday update for the AUDUSD 17-08-2022

2022-08-17 09:59:15 GMT (Economies.com)

The AUDUSD pair shows additional negative trades to surpass 0.6980 level and reach the bullish channel’s support line, expecting to surpass this level and extend the bearish wave towards 0.6910 level, to keep the bearish trend scenario active unless breaching 0.7050 and holding above it.

 

The expected trading range for today is between 0.6940 support and 0.7050 resistance

 

The expected trend for today: Bearish

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