AUD analysis 17.01.2020

The Australian dollar pair fluctuates against the US dollar at the EMA50, as it is affected by the stochastic negative, waiting for a positive incentive enough to push the price to resume the expected bullish direction for the upcoming period, which targets the level of 0.7015.

In general, we will maintain our positive expectations unless 0.6880 and most important 0.6800 levels are broken and stability below them.

The expected trading range for today is between 0.6870 support and 0.6950 resistance.

Expected trend for today: bullish.