AUDUSD closes above the resistance – Analysis - 17-10-2018

Economies.com
2018-10-17 04:45AM UTC

The AUDUSD pair closed yesterday’s trading above 0.7130 level, and it moves above the EMA50, which turns the intraday track to rise, targeting testing 0.7205 level before turning back to resume the main bearish trend.

 

Therefore, the bullish bias will be suggested for today unless breaking 0.7130 level and holding below it again.

 

Expected trading range for today is between 0.7060 support and 0.7205

 

Expected trend for today: Bullish

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