Forex

The AUDUSD reaches the target – Analysis - 17-08-2022

2022-08-17 04:21:18 GMT (Economies.com)

The AUDUSD pair resumes its negative trading by today’s open to reach the thresholds of 0.6980 level, and we expect the continuation of the negative pressure to break this level and open the way to visit 0.6960 followed by 0.6910 levels as next negative stations.

 

Therefore, we are waiting for more expected decline in the upcoming sessions conditioned by the price stability below 0.7050.

 

The expected trading range for today is between 0.6940 support and 0.7050 resistance

 

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The expected trend for today: Bearish

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