05.08.2020
The Australian dollar against the US dollar is trading in a positive note, approaching the 0.7200 barrier, waiting to cross this level to support the expected bullish wave in the intraday and short term, which targets 0.7290 as the next major station.
In general, we will continue to suggest the bullish trend for the upcoming period, unless breaking 0.7065 level and holding below it.
The expected trading range for today is between 0.7120 support and 0.7260 resistance.
The expected general trend for today: Bullish.
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