Forex

The AUDUSD keeps achieving the negative targets – Analysis - 18-08-2022

2022-08-18 04:14:16 GMT (Economies.com)

The AUDUSD pair succeeded to achieve our second waited target at 0.6910, starting today with new decline to hint heading to surpass this level and open the way to achieve additional negative targets that reach 0.6825.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 0.6980 will stop the expected decline and lead the price to return to the bullish track again.

 

The expected trading range for today is between 0.6870 support and 0.6980 resistance

 

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The expected trend for today: Bearish

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