AUDUSD breaches the resistance – Analysis - 29-11-2018

Economies.com
2018-11-29 05:31AM UTC

The AUDUSD pair rallied upwards yesterday to breach 0.7277 level and settles above it, noticing that the price builds new bullish track that hints the price head to extend the correctional bullish wave on the short term basis, paving the way to head towards 0.7437 as a next main station.

 

Therefore, the bullish bias will be expected in the upcoming sessions unless breaking 0.7277 level and holding below it.

 

Expected trading range for today is between 0.7250 support and 0.7400

 

Expected trend for today: Bullish

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