Forex

The AUDUSD resumes the decline – Analysis - 16-09-2022

2022-09-16 04:05:28 GMT (Economies.com)

The AUDUSD pair resumed its negative trading clearly to start pressing on 0.6700 level, reinforcing the expectation of the continuation of the main bearish trend, waiting to break the mentioned level to confirm rallying towards our next negative target at 0.6610.

 

The bearish channel organizes the suggested bearish wave, taking into consideration that failing to break 0.6700 might push the price to test 0.6800 areas before any attempt to decline.

 

The expected trading range for today is between 0.6640 support and 0.6760 resistance

 

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The expected trend for today: Bearish

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