The AUDUSD affected by the positive momentum – Analysis - 20-05-2019
Economies.com
2019-05-20 00:50AM UTC
The AUDUSD pair shows some slight bullish bias after testing the bearish channel’s support line that appears on the chart, and the price is affected by stochastic positivity, but the overall bearish trend still valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 0.6800.
We should note that breaching 0.6945 will push the price to test the most important resistance at 0.7044 before any new attempt to decline.
The expected trading range for today is between 0.6820 support and 0.6945
The expected trend for today: Bearish
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