The AUDUSD continues to rise – Analysis - 07-08-2020
Economies.com
2020-08-07 04:15AM UTC
The AUDUSD pair managed to surpass 0.7200 barrier and settles above it, to support the expectations of continuing the bullish trend on the intraday and short term basis, which targets 0.7290 level as a next station.
The EMA50 supports the suggested rise, noting that breaking 0.7170 will press on the price to test the key support 0.7065 before any new attempt to rise.
The expected trading range for today is between 0.7150 support and 0.7290
The expected trend for today: Bullish
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