The AUDUSD awaits more decline – Analysis - 07-12-2022
Economies.com
2022-12-07 04:52AM UTC
The AUDUSD pair settles below 0.6700 barrier, waiting for more decline to test 0.6650 as a first negative target, reminding you that surpassing this level will extend the bearish wave to reach 0.640.
Until now, the bearish trend scenario still expected for the upcoming period unless the price rallied to breach 0.6767 and hold with a daily close above it.
The expected trading range for today is between 0.6620 support and 0.6750 resistance
The expected trend for today: Bearish
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