AUDUSD analysis 12.11.2020

The Australian dollar against the US dollar is confined to a bullish triangular flag pattern whose features are visible in the image, which means that the breach of 0.7305 will provide a good positive motive that supports the expectations of the continuation of the main bullish trend, whose next target is at 0.7413.

Consequently, our bullish expectations will remain valid for today, with a reminder of the importance of holding above 0.7210 for the continuation of the suggested ascend.

The expected trading range for today is between 0.7230 support and 0.7350 resistance.

The expected general trend for today: Bullish.