AUDUSD analysis 13.07.2020

The Australian dollar versus the US dollar is trading above the 50 EMA which forms a good intraday support floor, pending the resumption of the upside suggested in our recent reports, which targets the 0.7064 level as the next main station.

In general, we will continue to suggest the bullish trend for the next period unless 0.6880 level is broken and stability below it.

The expected trading range for today is between 0.6920 support and 0.7050 resistance

Expected trend for today: bullish.