The AUD/USD awaits more decline – Analysis – 18/04/2023

forex-news-aud_1The AUDUSD pair settles below the broken support of the bullish channel that appears on the chart, to keep the bearish trend scenario active, which its targets begin by testing 0.6665 level, reminding you that surpassing this level will push the price to 0.6550 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6720 will push the price to test 0.6780 direct before determining the next destination clearly.

The expected trading range for today is between 0.6640 support and 0.6750 resistance

The expected trend for today: Bearish

Origin: Economies

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