Midday update for AUDUSD 01-11-2018
Economies.com
2018-11-01 10:28AM UTC
The AUDUSD pair keeps providing the positive trading to attack the main bearish channel’s resistance and moves above it now, which urges caution from the upcoming trading, as holding above 0.7155 will stop the recently suggested negative scenario and push the price to achieve positive targets that reach 0.7284 on the near term basis.
Therefore, we prefer staying aside in order to monitor the daily candlestick according to 0.7155 level followed by detecting the next destination clearly.
Expected trading range for today is between 0.7050 support and 0.7200
Expected trend for today: Neutral
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