Forex

The AUDUSD within continuation pattern – Analysis - 21-08-2019

2019-08-21 04:54:33 GMT (Economies.com)

The AUDUSD pair’s recent trades are confined within symmetrical triangle pattern that its signs appear on the chart, waiting to break 0.6745 to confirm the continuation of the main bearish trend, which its first target located at 0.6700.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless breaching 0.6830 and holding above it.

 

The expected trading range for today is between 0.6720 support and 0.6830

 

The expected trend for today: Bearish

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