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

2022-08-16 03:28:18 GMT (

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


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The expected trend for today: Bearish

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