12.08.2019
AUDUSD is beginning to bounce lower after testing the 0.6830 level, and we note that Stochastic has lost its positive momentum to move around overbought areas, supporting the chances of resuming the main bearish trend, targeting 0.6700 then 0.6625 as the next major stops.
From here, our bearish outlook will remain valid as long as 0.6830 remains intact.
Expected trading range for today is between 0.6720 support and 0.6850 resistance
Expected trend for today: Bearish.
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