Forex

The AUDUSD breaches the resistance – Analysis - 19-07-2019

2019-07-19 04:56:25 GMT (Economies.com)

The AUDUSD pair shows more bullish bias after confirming breaching the bearish channel’s resistance that appears on the chart, moving inside an intraday bullish channel that organizes the correctional bullish wave, waiting to test 0.7140 as a next main station.

 

Therefore, we suggest the continuation of the bullish bias in the upcoming sessions as long as the price is above 0.6985, noting that breaching the targeted level will push the price towards 0.7205 as a next main station.

 

The expected trading range for today is between 0.7020 support and 0.7140

 

The expected trend for today: Bullish

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