Australian Dollar Maintains Negative Stability - Analysis - 24-11-2017
The AUDUSD extended sideways trading yesterday, steady below 0.7633, and negative pressure remains intact, supported by the negative signal appearing on Stochastic, pending a resumption of the bearish bias targeting 0.7516 initially.
Recall that breaking the mentioned level will push the price towards 0.7415 as the next major station, while breaching 0.7633 will push the pair to test 0.7727 before any new attempt to decline.
The trading range for today is expected among the support at 0.7520 and the resistance at 0.7680
The general trend for today is bearish
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