The AUDUSD gathers the positive momentum – Analysis - 23-04-2019
Economies.com
2019-04-23 04:13AM UTC
The AUDUSD pair shows slight bearish bias to approach the intraday bullish channel’s support line, noticing that the EMA50 attempts to form support barrier against the negative attempts, while stochastic enters the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.
Therefore, we will keep our overall bullish overview conditioned by the price stability above 0.7090 and the most important above 0.7044, noting that our next main target is located at 0.7250.
The expected trading range for today is between 0.7080 support and 0.7200
The expected trend for today: Bullish
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