The AUDUSD tests the support – Analysis - 31-03-2020
Economies.com
2020-03-31 04:48AM UTC
The AUDUSD pair tested 0.6097 level by today’s open and bounced bullishly from there, on its way to visit 0.6236 that represents our first positive target, reminding you that breaching this level will push the price to 0.6407 as a next station.
Therefore, the bullish trend will remain active for the upcoming period supported by the EMA50, organized inside the bullish channel that appears on the chart, reminding you that the continuation of the bullish wave conditions the price stability above 0.6097 and the most important above 0.5958.
The expected trading range for today is between 0.6100 support and 0.6260
The expected trend for today: Bullish
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