AUDUSD attempts to recover – Analysis - 06-11-2018

Economies.com
2018-11-06 04:42AM UTC

The AUDUSD pair settles around 0.7200 level, starting today with slight bullish bias in attempt to resume the recently suggested bullish trend, which gets positive support by the EMA50.

 

Our first target is represented by testing 0.7277, noting that breaking 0.7135 will stop the expeted rise and push the price back to the bearish channel.

 

Expected trading range for today is between 0.7140 support and 0.7277

 

Expected trend for today: Bullish

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