The AUD/USD tests the moving average – Analysis – 08/07/2020

forex-news-audThe AUDUSD pair tests the EMA50 and keeps its stability above it, and the positive effect of the symmetrical triangle pattern still active, waiting to resume the positive trading to visit 0.7064 as a next main station.

Therefore, we will keep our bullish overview for the upcoming period unless breaking 0.6870 and holding above it.

The expected trading range for today is between 0.6900 support and 0.7040

The expected trend for today: Bullish

Origin: Economies

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