The AUD/USD tests the moving average – Analysis – 03/09/2020

newzeeland_dollarThe AUDUSD pair keeps declining to test the EMA50, and it might head to test the main bullish channel’s support line around 0.7245 before turning back to resume the bullish trend again.

Therefore, the price might witness temporary decline in the upcoming sessions, but the overall bullish trend will remain valid unless breaking 0.7245 level and holding below it, noting that the expected targets of the main bullish wave start at 0.7440 and extend to 0.7500.

The expected trading range for today is between 0.7270 support and 0.7380

The expected trend for today: Overall Bullish

Origin: Economies

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