Midday update for the AUDUSD 06-04-2020
Economies.com
2020-04-06 10:50AM UTC
The AUDUSD pair trades with clear positivity to breach the intraday bearish channel’s resistance and approaches the key resistance 0.6097, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for today, which depends on the price stability below the mentioned resistance, while our first main target located at 0.5958.
The expected trading range for today is between 0.5900 support and 0.6100
The expected trend for today: Bearish
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