The AUD/USD resumes the rise – Analysis – 16/11/2020

aud_newsThe AUDUSD pair shows more bullish bias to reach 0.7300 barrier, which supports the continuation of our bullish overview, and we believe that the way is open to head towards our next main target at 0.7413.

The EMA50 keeps supporting the expected bullish wave, which will remain valid and active unless breaking 0.7210 and holding below it.

The expected trading range for today is between 0.7230 support and 0.7370

The expected trend for today: Bullish

Origin: Economies

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