The AUDUSD approaches the target – Analysis - 08-04-2020
Economies.com
2020-04-08 05:01AM UTC
The AUDUSD pair shows bearish bias after approaching our waited target at 0.6236 yesterday, and it might test the key support 0.6097 before resuming the positive trades.
The EMA50 meets the mentioned support to add more strength to it, while stochastic attempts to get rid of its negative momentum, therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6097, reminding you that surpassing 0.6236 will extend the bullish wave to reach 0.6407 as a next target.
The expected trading range for today is between 0.6080 support and 0.6236
The expected trend for today: Bullish
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