The AUDUSD affected by the negative momentum – Analysis - 20-03-2019

2019-03-20 04:56:14 GMT (

The AUDUSD pair shows some bearish bias to approach the key support 0.7044, as the price is affected by stochastic negativity, and it needs to hold above the mentioned level to keep the bullish trend scenario active for the upcoming period, waiting to breach 0.7120 level to ease the mission of heading towards our next positive target at 0.7250.


We should note that breaking 0.7044 will put the price under negative pressure that its main targets begin at 0.6900.


The expected trading range for today is between 0.7020 support and 0.7150


The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.