The AUDJPY begins the positive rebound – Analysis – 7-4-2020
Economies.com
2020-04-07 08:58AM UTC
The AUDJPY pair hit key support recently at 64.15, to form an obstacle against the negative attack and force the price to rebound bullishly to surpass 65.25 level and start recording the correctional targets by reaching 67.30.
Despite the price current consolidation within the bearish channel, the stability of the broken support and stochastic positive momentum signals allow us to expect targeting new positive levels that might extend to 69.38 in the upcoming period.
The expected trading range for today is between 66.10 and 69.38
The expected trend for today: Bullish
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