AUDUSD around the moving average – Analysis - 18-10-2018
Economies.com
2018-10-18 04:36AM UTC
The AUDUSD pair traded negatively yesterday to move below 0.7130 level, but it begins today with bullish bias, supported by stochastic positivity, which keeps the chances valid to continue the expected bullish bias on the intraday basis, which targets testing 0.7200 level mainly.
Note that the price stability below 0.7130 will stop the expected rise and push the price to resume the bearish trend within the main bearish channel that appears on the chart.
Expected trading range for today is between 0.7060 support and 0.7200
Expected trend for today: Bullish
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