The AUDUSD rises calmly – Analysis - 05-06-2019
Economies.com
2019-06-05 04:10AM UTC
The AUDUSD pair continues to rise to gradually approach our waited positive target at 0.7044, thus, our intraday bullish trend expectations will remain valid, reminding you that we expect the bearish reound after touching the mentioned level to resume trading inside the main bearish channel.
Breaking 0.6925 will stop the current rise and press on the price to turn to decline, while breaching 0.7044 will extend the pair’s gains to reach 0.7100 as a next main station.
The expected trading range for today is between 0.6945 support and 0.7060
The expected trend for today: Bullish temporarily
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