The AUDUSD affected by the negative momentum – Analysis - 22-07-2019
Economies.com
2019-07-22 05:14AM UTC
The AUDUSD pair provided slight negative trading affected by stochastic negativity, but it’s still above the previously breached resistance of the main bearish channel that appears on the chart, getting positive support by the EMA50, to keep the positive scenario valid for the upcoming period, waiting to visit 0.7140 level mainly.
We should note that the continuation of the bullish trend requires holding above 0.6985.
The expected trading range for today is between 0.7000 support and 0.7100
The expected trend for today: Bullish
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