Forex

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

2019-03-20 04:56:14 GMT (Economies.com)

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

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