AUDUSD crawls downwards – Analysis – 23/06/2017

rub-usd-dollarThe AUDUSD pair shows calm negative trading to approach gradually from our waited target at 0.7519, noting that we suggest bouncing bullishly from the mentioned level to resume the main bullish trend, but it is important to note that breaking it will push the price to test 0.7451 level before any new attempt to rise.

On the other hand, breaching 0.7604 will stop the current negative pressure and lead the price to regain the bullish trend that its first main target located at 0.7740.

Expected trading range for today is between 0.7470 support and 0.7600

Expected trend for today: Bearish

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Origin: Economies

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