AUDUSD tests the resistance again – Analysis - 20-06-2016
Economies.com
2016-06-20 00:46AM UTC
The AUDUSD pair returns to fluctuate near the critical resistance at 0.7448, as we mentioned in our last report, the price needs to breach this level to confirm the continuation of the bullish trend on the short term basis, then rally towards 0.7595 as a next main target.
In general, we keep preferring the bullish trend in the upcoming sessions supported by the EMA50, conditioned by holding above 0.7329 level, where breaking this level represents negative factor that will push the price to test 0.7210 levels before any new attempt to rise.
Expected trading range for today is between 0.7329 support and 0.7550
Expected trend for today: Bullish
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