The AUDUSD around the moving average – Analysis - 09-01-2020
Economies.com
2020-01-09 05:55AM UTC
The AUDUSD pair settles around the EMA50, and we still waiting for more decline to test the bullish channel’s support line at 0.6790 as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6920 will stop the expected decline and lead the price to head towards 0.7015 areas again.
The expected trading range for today is between 0.6800 support and 0.6920
The expected trend for today: Bearish
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