The AUDUSD shows some decline – Analysis - 16-12-2019
Economies.com
2019-12-16 05:56AM UTC
The AUDUSD pair shows some of the bullish bias moves to approach from testing the EMA50, where the price is affected by stochastic negativity, while the bullish channel keeps carrying the price to achieve more of the expected rise in the upcoming period, waiting for a positive trading to test 0.7015 level mainly.
Therefore, we will keep our bullish trend expectations on the intraday basis unless breaking 0.6770 level and holding below it.
The expected trading range for today is between 0.6830 support and 0.6930
The expected trend for today: Bullish
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