Forex

The AUDUSD breaks the support – Analysis - 16-08-2022

2022-08-16 03:28:18 GMT (Economies.com)

The AUDUSD pair kept declining to break 0.7050 level and opens the way to achieve more decline on the intraday basis, targeting visiting 0.6980 followed by 0.6950 levels as next negative stations, making the bearish bias suggested in the upcoming sessions.

 

Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 0.7050 and holding above it again.

 

The expected trading range for today is between 0.6960 support and 0.7070 resistance

 

Open Live Trading Account

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.