Forex

The AUDUSD faces solid support – Analysis - 19-09-2022

2022-09-19 04:14:23 GMT (Economies.com)

The AUDUSD pair found solid support at 0.6700 level, to show some bullish bias and move above it, noticing that the price begins today with new decline to press on the mentioned level, reinforcing the expectations of continuing the domination of the bearish trend, supported by stochastic loss to the positive momentum, waiting to head towards 0.6610 that represents our next main target.

 

Therefore, the bearish trend scenario will remain active, noting that breaching 0.6730 will push the price to attempt to recover and achieve gains that reach 0.6800 before any new attempt to decline.

 

The expected trading range for today is between 0.6640 support and 0.6750 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.