The AUDUSD rises calmly – Analysis - 12-07-2019

The AUDUSD pair shows slight bullish bias to approach testing the bearish channel’s resistance line, as the price is affected by stochastic positivity, but as long as the price is below 0.7044, our bearish overview will remain active for the upcoming period, as breaching this level will push the price to achieve more bullish correction on the short term basis, while the next main target of the expected bearish wave is located at 0.6900.

The expected trading range for today is between 0.6930 support and 0.7044

The expected trend for today: Bearish