Forex

The AUDUSD awaits more decline – Analysis - 20-09-2022

2022-09-20 04:15:06 GMT (Economies.com)

The AUDUSD pair finds difficulty to confirm breaking 0.6700 level, to trade with new positivity and test the key resistance 0.6730, noticing that the EMA50 forms continuous negative pressure against the price, to support the chances of continuing the main bearish trend, which its next target reaches 0.6610.

 

Until now, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6730 and holding above it.

 

The expected trading range for today is between 0.6660 support and 0.6760 resistance

 

The expected trend for today: Bearish

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