AUD analysis 24.01.2020

The Australian dollar versus the US dollar trades stabilize near the support of the bullish channel, and the stochastic indicator continues to provide positive signals, so that the upside scenario remains valid for the coming period, waiting for the 0.6880 level to be facilitated to facilitate the task towards heading towards our main expected target at 0.7015, noting the importance of stability above 0.6805 to continue the rise The proposal.

The expected trading range for today is between 0.6830 support and 0.6900 resistance.

Expected trend for today: bullish.