19.08.2020
The Australian dollar against the US dollar is fluctuating around the level of 0.7243 and is trying to breach it, to keep the bullish trend scenario valid and effective during the upcoming sessions, supported by the moving average 50, which continues to carry the price from below, waiting to head towards 0.7400 as a next major stop.
On the other hand, we should note that a break of 0.7185 will stop the expected rise and put the price under negative pressure targeting 0.7060 levels initially before any new attempt to rise.
The expected trading range for today is between 0.7200 support and 0.7300 resistance.
The expected general trend for today: Bullish.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
