18.12.2019
The Australian dollar versus the US dollar continues the quiet decline to reach the EMA50, which continues to provide positive support for the price, waiting for the bounce up to resume the bullish trend that mainly targets the 0.7015 level.
The ascending channel continues to organize the suggested ascending wave, which will remain valid and active unless 0.6670 level is broken and stability is below it.
The expected trading range for today is between 0.6810 support and 0.6900 resistance.
Expected trend for today: bullish.
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