AUDUSD analysis 13.11.2020

The Australian dollar against the US dollar exited the bullish triangular flag, as it faces negative pressure to test the moving average 50 now, which forms a good support against the price, accompanied by the emergence of positive signs through the stochastic indicator, waiting for the price to stimulate the resumption of the main bullish trend that targets 0.7413 As the next major stop.

Therefore, we will continue suggesting the bullish trend for the upcoming period, unless breaking 0.7210 and holding below it.

The expected trading range for today is between 0.7180 support and 0.7300 resistance

The expected general trend for today: Bullish