The AUDUSD is Unable to Break Through - Analysis - 14-03-2023
The AUDUSD pair failed to confirm breaking through the 0.6665 level, and it opens today with a bearish bias, implying that the correcting bearish wave has resumed, with 0.6550 being the next negative objective.
As a result, we anticipate negative trades in the next sessions, structured inside the bearish channel seen on the chart and supported by the EMA50, which presses negatively on the price.
On the other hand, we should note that a break of 0.6665 followed by 0.6720 will halt the predicted decrease and cause the price to climb.
The expected trading range for today is between 0.6560 support and 0.6690 resistance
The expected trend for today: Bearish
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