The AUD/USD is affected by the solid resistance – Analysis – 19/04/2021

aud_newsThe AUDUSD pair bounced bearishly after achieving the first waited target at 0.7765, to head towards potential test to the EMA50 that continues to support the price from below, noticing that stochastic reaches the oversold areas now.

Therefore, these factors encourage us to keep our overall bullish trend expectations, which its targets begin by surpassing the above mentioned level to open the way to head towards 0.7840 followed by 0.7900 levels, noting that breaking 0.7685 will press on the price to achieve more intraday decline.

The expected trading range for today is between 0.7660 support and 0.7780 resistance

The expected trend for today: Bullish

Origin: Economies

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