AUDUSD recovers – Analysis - 20-09-2017

Economies.com
2017-09-20 03:29AM UTC

The AUDUSD pair managed to breach 0.7993 level and settled above it, to trade above the bullish trend line again, which reactivate the bullish trend scenario that its first target located at 0.8115, reminding you that breaching this level will push the price to head towards 0.8330 as a next main station.

 

Therefore, we are waiting for more rise in the upcoming period conditioned by holding above 0.7937, as breaking this level will push the price to extend its bearish correction and test 0.7820 areas before any new attempt to rise.

 

Expected trading range for today is between 0.7937 support and 0.8115

 

Expected trend for today: Bullish

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