The AUDUSD rises calmly – Analysis - 23-11-2020
Economies.com
2020-11-23 05:02AM UTC
The AUDUSD pair crawls upwards calmly to approach testing key resistance at 0.7340, which forms the ascending triangle’s resistance line that its signs appear on the chart, which means that breaching this level will form good positive motive that supports the chances of rallying towards our main waited target at 0.7413.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that holding above 0.7260 and 0.7210 levels is important to continue the suggested rise.
The expected trading range for today is between 0.7260 support and 0.7400
The expected trend for today: Bullish
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