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AUD analysis 12.12.2019

12.12.2019

Market Review

The Australian dollar versus the US dollar pair resumed its positive trades to move away from the EMA50, reinforcing the expectations of the continuation of the bullish trend over the immediate and short term, and the path is open to achieving our main awaited target at 0.7015, noting that the continuation of the bullish wave requires stability above 0.6765.

The expected trading range for today is between 0.6840 support and 0.6940 resistance.

Expected trend for today: bullish.

Author: admin
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