AUD analysis 05.02.2020

The Australian dollar versus the US dollar continues to rise quietly, approaching a sub-resistance test that formed at the previously broken 0.6754 level, while the moving average constitutes 50 continuous negative pressure against the price, waiting for the resumption of the downtrend that targets exceeding 0.6670 to open the way towards heading towards 0.6615, with a reminder That the continuation of the descending wave requires stability below 0.6820.

The expected trading range for today is between 0.6660 support and 0.6760 resistance.

Expected trend for today: bearish.