The AUD/USD keeps declining – Analysis – 25/11/2021

newzeeland_dollarThe AUDUSD pair shows more bearish bias to keep approaching the waited target at 0.7170, organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, and we expect to extend the bearish wave to reach 0.7135 after breaking the previous level.

In general, we will continue to suggest the bearish trend for the upcoming period as long as 0.7260 level remains intact.

The expected trading range for today is between 0.7150 support and 0.7250 resistance

The expected trend for today: Bearish

Origin: Economies

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