The AUD/USD reaches the extended target – Analysis – 17/11/2021

forex-news-audThe AUDUSD pair traded with strong negativity to succed to reach the target at 0.7260, and moves within the bearish channel that appears in the image, which supports the chances for surpassing the mentioned level to head to 0.7200 then 0.7170 levels as next negative stations.

Therefore, the bearish trend will remain valid in the upcoming period, taking into consideration that breaching 0.7315 then 0.7360 levels will stop the current negative pressure and leads the price to attempt to regain the main bullish trend.

The expected trading range for today is between 0.7220 support and 0.7315 resistance

The expected trend for today: Bearish

Origin: Economies

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