The AUDUSD affected by the negative momentm – Analysis - 11-12-2019
Economies.com
2019-12-11 05:42AM UTC
The AUDUSD pair hovers near the EMA50, showing slight bearish bias that is affected by stochastic negativity, noticing that the indicator attempt to get rid of its negative momentum and get a positive momentum that assists to push the price to resume the bullish trend.
Until now, we keep preferig the bullish trend in the upcoming period unless breaking 0.6755 level and holding below it, pointing that our next main target at 0.7015.
The expected trading range for today is between 0.6790 support and 0.6870
The expected trend for today: Bullish
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