Forex

Midday update for the AUDUSD 17-09-2020

2020-09-17 09:31:47 GMT (Economies.com)

The AUDUSD pair shows positive trades after attempting to break the bullish channel’s support line, and we still waiting to confirm its situation according to this level to detect the next targets clearly, which keeps our neutrality valid until now.

 

The contradiction between stochastic positivity and the negative pressure formed by the EMA50 provides another reason for neutrality, while the details of the expected targets for the upcoming period are explained in our morning report.

 

The expected trading range for today is between 0.7200 support and 0.7350

 

The expected trend for today: Neutral

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