The AUDUSD is retesting – Analysis - 18-11-2020
Economies.com
2020-11-18 05:46AM UTC
The AUDUSD pair retested the previously breached resistance of the intraday bearish channel and kept its stability above it, which keeps the bullish trend scenario valid for the upcoming period, supported by stochastic reach to the oversold areas, waiting for more rise to visit 0.7413 as a next main target.
On the other hand, we should note that breaking 0.7255 followed by 0.7210 levels will stop the expected rise and press on the price to test 0.7125 areas before any new attempt to rise.
The expected trading range for today is between 0.7240 support and 0.7370
The expected trend for today: Bullish
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