The AUDUSD is retesting – Analysis - 17-02-2021
Economies.com
2021-02-17 05:02AM UTC
The AUDUSD pair provided negative trades to approach retesting the previously breached resistance line that turns into key support now at 0.7725, and the EMA50 meets this support to add more strength to it, while stochastic provides clear positive signals now.
Therefore, these factors support the expectations of continuing the main bullish trend, which its next targets located at 0.7820 followed by 0.7915, while achieving them requires holding above 0.7725.
The expected trading range for today is between 0.7700 support and 0.7820 resistance
The expected trend for today: Bullish
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