The AUDUSD resumes the bullish rally – Analysis - 19-10-2021
1 year ago

The AUDUSD pair opens today’s trading with strong rise to move away from 0.7405, reinforcing the expectations of continuing the bullish trend that moves organized inside the bullish channel that appears on the chart, waiting for more rise to visit 0.7478 mainly.


The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7360.


The expected trading range for today is between 0.7400 support and 0.7490 resistance


The expected trend for today: Bullish

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