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AUD analysis 06.12.2019

The Australian dollar versus the US dollar fluctuated in a narrow path in the previous sessions, and remains stable above the EMA50, which keeps our positive expectations unchanged, relying on stability above 0.6755, noting that we are waiting for the direction towards 0.7015 as a next positive target.

The expected trading range for today is between 0.6800 support and 0.6900 resistance.

Expected trend for today: bullish.

Author: admin
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