The AUDUSD approaches the support – Analysis - 22-01-2020
Economies.com
2020-01-22 05:48AM UTC
The AUDUSD pair shows more bearish bias to reach the bullish channel’s support line, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the positive trades inside the mentioned channel followed by heading towards 0.7015 that represents the main positive target.
Therefore, the bullish trend scenario will remain valid unless breaking 0.6805 level and holding with a daily close below it.
The expected trading range for today is between 0.6805 support and 0.6890
The expected trend for today: Bullish
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