AUDUSD recovers – Analysis - 07-01-2019
Economies.com
2019-01-07 05:25AM UTC
The AUDUSD pair rallied upwards strongly on last Friday to breach 0.7020 level and approaches retesting the previously broken neckline of the head and shoulders’ pattern that appears on the chart, which hints the price head to achieve more gains in the upcoming period, noting that breaching 0.7145 will confirm opening the way to extend the bullish wave towards 0.7300 areas.
Therefore, the bullish bias will be suggested for today unless breaking 0.7020 level and holding below it again.
Expected trading range for today is between 0.7060 support and 0.7220
Expected trend for today: Bearish
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