The AUDUSD begins positively– Analysis - 07-04-2020
Economies.com
2020-04-07 04:56AM UTC
The AUDUSD pair started today with bullish bias to breach 0.6097 level and attempts to hold above it, noticing that the price moves inside bullish channel that appears on the chart, which supports the chances of making more gains in the upcoming sessions, to return to the correctional bullish track that its next target located at 0.6236.
Therefore, the bullish bias will be suggested for the upcoming sessions, supported by moving above the EMA50, noting that breaking 0.6097 followed by 0.6035 levels will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 0.6050 support and 0.6236
The expected trend for today: Bullish
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