The AUD/USD loses momentum – Analysis – 11/08/2021

forex-news-audThe AUDUSD pair settles below the broken support of the bearish flag pattern, noticing that stochastic loses its positive momentum clearly, which supports the chances of resuming the expected bearish trend for the upcoming period, which targets 0.7300 followed by 0.7230 levels as next main stations.

The EMA50 supports the expected decline, which will remain valid unless breaching 0.7375 and holding above it.

The expected trading range for today is between 0.7260 support and 0.7375 resistance

The expected trend for today: Bearish

Origin: Economies

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply