Midday update for the AUDUSD 26-03-2020
Economies.com
2020-03-26 11:27AM UTC
The AUDUSD pair trades with clear positivity since morning to breach 0.5958 and settles above it again, which hints the price head to regain the correctional bullish track, supported by stochastic positivity, but we need to get a daily close above this level to confirm the continuation of the bullish bias towards 0.6097 as a first positive target.
Therefore, we prefer staying aside until the price confirms its situation according to 0.5958, as trading below it again will put the price under the negative pressure and push trades towards 0.5786 initially.
The expected trading range for today is between 0.5786 support and 0.6050
The expected trend for today: Neutral
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