The AUDUSD awaits the confirmation signal – Analysis - 13-09-2019

The AUDUSD pair continues to fluctuate at the bearish channel’s resistance, facing contradiction between the positivity of moving above the EMA50 and stochastic negativity, which makes us continue with our neutrality until we get clearer signal for the next trend, which we will get through breaching 0.6885 resistance or breaking 0.6830 support.

We remind you that breaching the mentioned resistance will push the price to exit the bearish channel and start correctional bullish wave that its targets begin at 0.7020, while breaking the support will press on the price to continue the main bearish trend that its next target located at 0.6670.

The expected trading range for today is between 0.6830 support and 0.6920

The expected trend for today: Neutral