The AUDUSD confirms the breach – Analysis - 27-06-2019
Economies.com
2019-06-27 04:25AM UTC
The AUDUSD pair confirmed breaching the EMA50 to reinforce the expectations of continuing the intraday bullish trend, waiting to visit 0.7044 level that represents our next main target.
We should note that the mentioned target represents the meeting point of the main bearish channel’s resistance with 23.6% Fibonacci correction level for the entire decline measured from 0.8135 to 0.6707, which shows the strength of this resistance and the possibility to rebound bearishly after touching this level to resume the main bearish trend again.
The expected trading range for today is between 0.6950 support and 0.7044
The expected trend for today: Bullish
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