The AUD/USD surpasses the first target – Analysis – 04/12/2020

1428657842_Foreks-AUD-USD-vyros-vo-vThe AUDUSD pair confirmed breaching 0.7413 after closing the daily candlestick abve it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets 0.7530 as a next station.

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 0.7335 and holding below it.

The expected trading range for today is between 0.7380 support and 0.7500

The expected trend for today: Bullish

Origin: Economies

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