AUD analysis 17.12.2019

The Australian dollar versus the US dollar has traded around 0.6870 since yesterday, and the price is affected by the stochastic negativity to show some bearish tendency, but since the price is above 0.6770, our bullish expectations will remain valid for the next period, as breaking this level will stop the bullish corrective path Pressing price to drop towards 0.6670 initially.

We point out that our awaited positive target is at 0.7015.

The expected trading range for today is between 0.6830 support and 0.6930 resistance.

Expected trend for today: bullish.