The AUDUSD resumes the decline – Analysis – 14-08-2023

aud_newsThe AUDUSD pair resumes its negative trading clearly to approach the waited target at 0.6400, and the way seems open to continue the decline and surpass the mentioned level to achieve more negative targets on the intraday and short-term basis.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that it is important to hold below 0.6550 to continue the expected decline.

The expected trading range for today is between 0.6400 support and 0.6500 resistance

The expected trend for today: Bearish

Origin: Economies

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