AUDUSD achieves the first target – Analysis - 21-09-2018

The AUDUSD pair succeeded to reach the bearish channel’s resistance that represents our first main target, reminding you that the price is affected by the inverted head and shoulders’ pattern that was completed previously, which provides chances to breach the current resistance and extend the bullish wave towards 0.7370.

Therefore, we suggest more rise in the upcoming sessions supported by moving above the EMA50, noting that holding above 0.7215 is important to achieve the waited targets.

Expected trading range for today is between 0.7215 support and 0.7370

Expected trend for today: Bullish