AUDUSD analysis 09.07.2020

The Australian dollar versus the US dollar presented positive trading yesterday, to move away from the EMA50, to keep the bullish scenario effective in the intraday and short term, which aims to test the 0.7064 level initially.

The price may witness temporary temporal fluctuation until it is able to acquire a positive momentum sufficient to push trades to continue the bullish trend, while noting that stability above 0.6870 is important for the continuation of the suggested rise.

The expected trading range for today is between 0.6920 support and 0.7040 resistance.

Expected trend for today: bullish.