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AUDUSD analysis 28.04.2020

The Australian dollar versus the US dollar confirmed the breach of the 0.6407 level after closing the daily candle above it, which opens the way for more intraday and short term gains, on his way to visit 0.6500 then 0.6685 levels mainly.

Consequently, we expect to witness positive trading during the upcoming sessions unless we witness a clear and stable break below 0.6407.

The expected trading range for today is between 0.6400 support and 0.6540 resistance.

Expected trend for today: bullish.

Author: admin
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