The AUDCHF confirms the positivity – Analysis – 17-5-2022
Economies.com
2022-05-17 05:06AM UTC
The AUDCHF price confirmed its affection by the bullish bias domination by providing a new positive close above 0.6850, forming a strong bullish wave to settle near 0.7015.
Stochastic reach to the overbought level makes us get advantage from the extra positive momentum by resuming the bullish attack, to reach near 0.7090 and surpassing this barrier might extend the trading to the next main target at 0.7230.
The expected trading range for today is between 0.6970 and 0.7090
The expected trend for today: Bullish
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