Forex

The AUDUSD presses on the support – Analysis - 19-08-2022

2022-08-19 04:19:26 GMT (Economies.com)

The AUDUSD pair presses negatively on 0.6910 level and attempts to confirm breaking it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 0.6825 as a next target.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6980 and hold above it.

 

The expected trading range for today is between 0.6840 support and 0.6950 resistance

 

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The expected trend for today: Bearish

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