AUDUSD breaches the resistance – Analysis - 09-01-2019
Economies.com
2019-01-09 05:18AM UTC
The AUDUSD pair rallied upwards by today’s opening to breach 0.7145 and settles above it, which hints the price head to rise in the upcoming sessions, but we need to get a daily close above the mentioned level to confirm achieving positive targets that begin at 0.7200 and extend to 0.7335.
Therefore, we prefer staying aside until the price confirms the daily candlestick close according to 0.7145 level, as trading below it again will push the price back to decline and target 0.7020 initially.
Expected trading range for today is between 0.7060 support and 0.7230
Expected trend for today: Neutral
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