The AUDUSD gains the positive momentum – Analysis - 06-08-2020

2020-08-06 03:57:27 GMT (

The AUDUSD pair hovers around 0.7200 level, noticing that stochastic gets rid of its negativity to gain the positive momentum gradually, waiting to motivate the price to resume the main bullish trend, which its next target located at 0.7290.


Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.7065.


The expected trading range for today is between 0.7150 support and 0.7290


The expected trend for today: Bullish

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