The AUDUSD faces good resistance – Analysis - 16-04-2019
Economies.com
2019-04-16 03:39AM UTC
The AUDUSD pair shows some bearish bias by today’s opening after finding difficulty to surpass the intraday bullish channel’s resistance that appears on the chart, which might push the price to test this channel’s support line around 0.7080 before resuming the main bullish wave.
In general, we will continue to suggest the main bullish trend as long as 0.7044 level remains intact, noting that we are waiting to visit 0.7250 level as a next main target.
The expected trading range for today is between 0.7080 support and 0.7220
The expected trend for today: Bullish
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