The AUDUSD is stable – Analysis - 20-11-2020

Economies.com
2020-11-20 04:48AM UTC

The AUDUSD pair shows sideways trades in the previous sessions, keeping its stability above 0.7255, which keeps our bullish overview valid and active on the intraday and short term basis, supported by the EMA50, waiting 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 0.7135 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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