The AUDUSD breaks the support – Analysis 10-11-2023

newzeeland_dollarThe AUDUSD pair broke 0.6400 level clearly and settles below it, to reactivate the bearish trend scenario on the intraday basis, opening the way to achieve negative targets that start at 0.6340 and extend to 0.6170.

Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 0.6400 will stop the current negative pressure and push the price to attempt to recover.

The expected trading range for today is between 0.6300 support and 0.6400 resistance

The expected trend for today: Bearish

Origin: Economies

 

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