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AUDUSD analysis

28.12.2020

Market Review

The Australian dollar against the US dollar maintained its stability above the support of the ascending channel that appears on the image, heading towards resuming the main bullish trend again, on its way to achieve positive targets that start at 0.7640 and extend to 0.7700.
 
Thus, the upside will be likely during the upcoming sessions, unless breaking 0.7550 levels then 0.7515 and holding below it.
 
The expected trading range for today is between 0.7515 support and 0.7650 resistance
 
The expected general trend for today: Bullish

Author: GC
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