Midday update for the AUDUSD 27-01-2020

Economies.com
2020-01-27 11:15AM UTC

The AUDUSD pair confirmed breaking the bullish channel’s support line and moves away from the broken support to reinforce the expectations of continuing the decline in the upcoming sessions, waiting to visit 0.6670 level that represents our next main target.

 

Therefore, we are waiting for more bearish bias today conditioned by the price stability below 0.6875.

 

The expected trading range for today is between 0.6750 support and 0.6840

 

The expected trend for today: Bearish

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