The AUDUSD resumes rising – Analysis - 05-06-2020
Economies.com
2020-06-05 04:37AM UTC
The AUDUSD pair resumed its positive trades yesterday and approached 0.7000 barrier again, which reinforce the expectations of continuing the main bullish trend, moving inside the bullish channel that appears on the chart, reminding you that our next main target reaches 0.7200.
The EMA50 keeps supporting the price from below, to support the chances of achieving the suggested positive targets, reminding you that it is important to hold above 0.6884 to continue the expected rise.
The expected trading range for today is between 0.6884 support and 0.7040
The expected trend for today: Bullish
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