AUDUSD analysis 17.07.2020

The Australian dollar versus the US dollar pair grounded on the EMA50 and begins to offer positive, quiet trading now,

In conjunction with positive signs appearing through the stochastic, awaiting the resumption of the expected bullish direction in the intraday and short term, whose targets begin by testing the 0.7064 level.

Holding above 0.6895 is important for the expected continuation to continue, as breaking it will pressure the price to visit the 0.6700 level before any new attempt to rise.

The expected trading range for today is between 0.6940 support and 0.7064 resistance.

Expected trend for today: bullish.