Forex

The AUDUSD surpasses the target – Analysis - 22-09-2022

2022-09-22 04:05:50 GMT (Economies.com)

The AUDUSD pair traded with strong negativity to succeed achieving our waited target at 0.6610, showing more decline to surpass this level and open the way to achieve more expected bearish bias in the upcoming sessions, targeting 0.6555 followed by 0.6500 levels as next negative stations.

 

Therefore, we expect the continuation of the bearish trend on the intraday and short term basis, taking into consideration that the consolidation of 0.6555 level against the current negative pressure will lead the price to start recovery attempts and build intraday bullish wave that targets testing 0.6700 areas initially.

 

The expected trading range for today is between 0.6520 support and 0.6640 resistance

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.