The AUDUSD around the moving average – Analysis - 21-01-2020
Economies.com
2020-01-21 05:40AM UTC
The AUDUSD pair continues to fluctuate around the EMA50 and presses negatively on it, on its way for potential test to the bullish channel’s support line that appears on the chart.
In general, the bullish trend still suggested as long as the price is above 0.6800, as breaking this level will press on the price to resume the main bearish trend that targets 0.6670 level initially, while the expected positive target of the suggested bullish wave is located at 0.7015.
The expected trading range for today is between 0.6835 support and 0.6910
The expected trend for today: Bullish
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