The AUDUSD achieves the first target – Analysis - 26-08-2019

Economies.com
2019-08-26 05:14AM UTC

The AUDUSD pair opens today’s trading with clear negativity to touch our first waited target at 0.6700, noticing that the price managed to complete the symmetrical triangle pattern mentioned in our recent reports, which supports the continuation of the bearish trend expectations in the upcoming period, noting that surpassing the mentioned level will push the price to 0.6615 as a next main station.

 

Therefore, the negative scenario will remain suggested in the upcoming period unless breaching 0.6830 level and holding above it.

 

The expected trading range for today is between 0.6660 support and 0.6780

 

The expected trend for today: Bearish

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