The AUDUSD faces temporary negative pressure – Analysis - 01-12-2020
Economies.com
2020-12-01 05:00AM UTC
The AUDUSD pair bounced bearishly after reaching 0.7413 yesterday, to test the key support 0.7335 and begins rising from there, which keeps the main bullish trend scenario valid and active for the upcoming period, supported by stochastic and the EMA50 positivity, waiting to breach 0.7413 to head towards 0.7530 as a next positive target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 0.7335.
The expected trading range for today is between 0.7335 support and 0.7460
The expected trend for today: Bullish
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