AUDUSD tests the support – Analysis - 20-11-2018

Economies.com
2018-11-20 04:06AM UTC

The AUDUSD pair tests the key support 0.7277 now and keeps its stability above it, accompanie by stochastic reach to the oversold areas, while the EMA50 keeps supporting the price from below.

 

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 0.7437 level initially, while its continuation conditions holding above 0.7277 amd 0.7235 levels.

 

Expected trading range for today is between 0.7235 support and 0.7380

 

Expected trend for today: Bullish

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