The AUDCAD hits the support – Analysis – 22-5-2019
Economies.com
2019-05-22 07:37AM UTC
The AUDCAD pair ended the negative attack by facing the bearish channel’s support line at 0.9210, forming solid barrier against the attempts to resume the negativity, expecting to start forming correctional bullish rebound and target 0.9240 followed by 0.9285 levels.
Also, stochastic release from the oversold areas supports the chances of gathering new positive momentum to agree the bullish rally attempts and record the mentioned targets.
The expected trading range for today is between 0.9200 and 0.9240
The expected trend for today: Bullish
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