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The AUDUSD hits the extended targets – Analysis - 13-03-2020
The AUDUSD pair traded with strong negativity yesterday to succeed achieving our extended target at 0.6230, which represents the main bearish channel’s support line that appears on the chart, and according to the trading rules inside the channels, the price is on its way to start bullish wave that targets visiting the mentioned channel’s resistance.
Therefore, the bullish trend will be suggested for the upcoming period, which targets 0.6670 followed by 0.6905 levels as next main stations, noting that breaching 0.6390 is required to ease the mission of achieving the mentioned targets, while the positive scenario will remain valid unless breaking 0.6225 level and holding below it.
The expected trading range for today is between 0.6250 support and 0.6400
The expected trend for today: Bullish
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