AUDUSD analysis 25.11.2020

The Australian dollar against the US dollar confirmed the breach of 0.7340 after closing the daily candlestick above it, to obtain a good positive motive that supports the expectations of the continuation of the bullish trend in the intraday and short term, as the price gradually approaches our awaited target at 0.7413, and we expect to cross this level to head towards 0.7530 as a positive station deification.

From here, the bullish trend scenario will remain valid and effective for the upcoming period, provided that it is established above 0.7295.

The expected trading range for today is between 0.7290 support and 0.7430 resistance.

The expected general trend for today: Bullish.