The AUDUSD below the broken support – Analysis - 17-03-2020
The AUDUSD pair provided clear negative trades yesterday after it kept its stability below 0.6235 level, which keeps the bearish trend scenario valid and active on the short term and medium term basis, waiting for more decline to head towards 0.6000 that represents our next main station.
On the other hand, we should note that breaching 0.6235 will push the price to start new bullish wave that targets 0.6320 followed by 0.6460 areas initially.
The expected trading range for today is between 0.6020 support and 0.6200
The expected trend for today: Bearish