The AUDUSD attempts to recover – Analysis - 20-01-2021

2021-01-20 04:51:00 GMT (Economies.com)
 

The AUDUSD pair shows positive trades and tests the EMA50 now, and it might retest the broken support of the bullish channel that turns into resistance now at 0.7760 before turning back to decline again.

 

Until now, the correctional bearish trend scenario still valid unless breaching the mentioned resistance and holding above it, noting that the first expected target is located at 0.7665.

 

The expected trading range for today is between 0.7650 support and 0.7760

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0007
0.0564%
1.3891
-0.0003
0.0187%
Tadawul
10228.35
-26.53
0.26%
27.301
0.782
2.949%
64.741
0.831
1.300%
68.16
-0.79
1.15%
1813.645
24.060
1.344%
 
 
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