AUDUSD tests the resistance – Analysis - 04-01-2019
Economies.com
2019-01-04 05:00AM UTC
The AUDUSD pair fluctuates around 0.7020 level and still below it until now, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 0.6935 followed by 0.6800 levels as next main stations.
We should note that breaching 0.7020 will lead the price to start attempts to turn to rise and target 0.7145 areas initially.
Expected trading range for today is between 0.6935 support and 0.7100
Expected trend for today: Bearish
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