The AUDUSD reaches the target – Analysis - 01-10-2020
Economies.com
2020-10-01 03:58AM UTC
The AUDUSD pair managed to reach our waited positive target at 0.7190, getting positive support by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve more expected rise in the upcoming period, paving the way to regain the main bullish trend again.
Therefore, we suggest witnessing additional positive trades today, and the next targets begin at 0.7300 and extend to 0.7413, noting that failing to surpass 0.7190 will press on the price to rebound bearishly and resume the correctional bearish scenario again.
The expected trading range for today is between 0.7120 support and 0.7250
The expected trend for today: Bullish
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