Midday update for the AUDUSD 28-10-2020

Economies.com
2020-10-28 09:47AM UTC

The AUDUSD pair tested the bearish channel’s resistance and begins to decline calmly now, to keep the bearish trend active for today, which targets 0.7000 followed by 0.6964 levels as next main stations, reminding you that it is important to hold below 0.7165 to achieve these targets.

 

The expected trading range for today is between 0.7060 support and 0.7180

 

The expected trend for today: Bearish

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