06.05.2020
The Australian dollar versus the US dollar trades stable above the 0.6407 level, and we notice that the stochastic is getting rid of its negative momentum to approach the oversold areas while awaiting price stimulus to resume the expected bullish trend for the coming period, which depends on holding above the mentioned level, while our main target is present Next at 0.6530.
The expected trading range for today is between 0.6360 support and 0.6500 resistance.
Expected trend for today: bullish.
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