The AUD/USD is stable – Analysis – 16/03/2021

forex-news-aud_1The AUDUSD pair did not show any strong move since yesterday, to continue fluctuating below 0.7765, thus, the bearish trend scenario will remain valid for the upcoming period conditioned by the price stability below 0.7765, supported by stochastic loss to the positive momentum, reminding you that our next negative target is located at 0.7615.

The expected trading range for today is between 0.7680 support and 0.7800 resistance

The expected trend for today: Bearish

Origin: Economies

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