The AUDUSD attempts to breach – Analysis - 29-04-2019

The AUDUSD pair begins today’s trading with more bullish bias to attempt to breach 0.7044 level, which hints the price head to rise again, which makes us prefer staying aside until we get clearer confirmation signal for the next trend, which we will get through breaching 0.7135 resistance or breaking 0.7044 that turns into support now.

Note that continuing the rise and breaching the above mentioned resistance will push the price to achieve more gains and testing 0.7250 as a next station, while breaking the support will reactivate the bearish trend scenario that its next main target located at 0.6800.

The expected trading range for today is between 0.6970 support and 0.7135

The expected trend for today: Neutral