Forex

The AUDUSD awaits bearish rebound – Analysis - 26-10-2020

2020-10-26 03:53:31 GMT (Economies.com)

The AUDUSD pair settles near the bearish channel’s resistance that appears on the chart, and the price begins providing slight negative trades that hint the price head to resume the recently suggested bearish trend, supported by stochastic negativity, waiting to achieve negative targets that start at 0.7000 followed by 0.6964.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.7170 and holding above it.

 

The expected trading range for today is between 0.7050 support and 0.7180

 

The expected trend for today: Bearish

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