AUDUSD tests the support again – Analysis - 21-01-2019

Economies.com
2019-01-21 04:57AM UTC

The AUDUSD pair returns to test the key support 0.7145, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish trend that targets 0.7335 as a next main station.

 

Breaching 0.7230 will provide strong positive motive that supports the expectations to rise, while breaking 0.7145 will stop the suggested bullish bias and push the price to turn to decline.

 

Expected trading range for today is between 0.7120 support and 0.7260

 

Expected trend for today: Bullish

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