MTC stock analysis 28.08.2020

The Australian dollar against the US dollar confirmed the breach of 0.7243 after closing the daily candlestick above it, and starts today with an additional bullish tendency to move away from this level, which leads the price to restore the main bullish trend, approaching the first positive target of 0.7300, waiting to cross this level to open the way for the trend towards 0.7400 as the next stop.

Consequently, the bullish trend will be expected during the upcoming sessions unless breaking 0.7243 then 0.7170 levels and holding below it.

The expected trading range for today is between 0.7240 support and 0.7360 resistance

The expected general trend for today: Bullish...