Forex

The AUDUSD consolidates above the support – Analysis - 18-09-2020

2020-09-18 03:31:43 GMT (Economies.com)

The AUDUSD pair settles above the bullish channel’s support line, getting positive support by the EMA50, to support the chances of achieving potential gains in the upcoming sessions, on its way to test the recently recorded top at 0.7413 initially.

 

Therefore, the bullish bias will remain suggested for today, noting that breaking 0.7250 wikll stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 0.7260 support and 0.7400

 

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.