AUDUSD retests – Analysis - 29-01-2019

Economies.com
2019-01-29 05:24AM UTC

The AUDUSD pair retested the breached resistance that appears on the chart and bounced bullishly from there, to keep the bullish trend valid for the upcoming period, supported by the EMA50 and stochastic, waiting to target 0.7335 level mainly, noting that it is important to hold above 0.7135 to continue the expected rise.

 

Expected trading range for today is between 0.7130 support and 0.7250

 

Expected trend for today: Bullish

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