Forex

The AUDUSD resumes the decline – Analysis - 23-09-2022

2022-09-23 04:06:29 GMT (Economies.com)

The AUDUSD pair’s rise stopped at the minor bearish channel’s resistance that appears on the chart, to start declining by today’s open, on its way to resume the main bearish wave, waiting to visit 0.6550 followed by 0.6500 levels as main negative targets.

 

Therefore, we expect to witness more decline in the upcoming sessions supported by stochastic negativity that appears clearly now, noting that the continuation of the bearish wave depends on the price stability below 0.6700.

 

The expected trading range for today is between 0.6550 support and 0.6680 resistance

 

The expected trend for today: Bearish

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