AUD analysis 20.03.2020

The Australian dollar versus the US dollar pair starts trading today with a noticeable positive, to record an upward low from yesterday's low at 0.5509, which indicates the price trend to make a further upward correction during the coming period, targeting to test the level of 0.5958 again, noting that a breakout of this Level will motivate the price to achieve additional gains of 0.6100 then 0.6235.

Therefore, the bullish bias will be expected for today, unless the 0.5786 then 0.5664 levels are broken and stability below it.

The expected trading range for today is between 0.5750 support and 0.6000 resistance.

Expected trend for today: bullish.