The AUD/USD gets a positive close – Analysis – 25/03/2020

newzeeland_dollarThe AUDUSD pair succeeded to confirm breaching 0.5958 level after closing the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve our next target at 0.6097.

Therefore, the bullish bias will remain suggested on the intraday basis, noting that the price completed forming double bottom pattern that its signs appear on the chart, to support the chances of breaching the targeted level and extend the bullish wave to reach 0.6236 as a next station, taking into consideration that the bullish trend will remain valid unless breaking 0.5958 and holding below it.

The expected trading range for today is between 0.5950 support and 0.6150

The expected trend for today: Bullish

Origin: Economies

 

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