AUD analysis 16.01.2020

The Australian dollar versus the US dollar pair starts providing quiet positive trades in an attempt to move away from the EMA50, which supports the continuation of our expectations for the bullish trend for the coming period, awaiting the visit of the 0.7015 level which represents our next main station, while noting the importance of holding above 0.6875 to continue the suggested rise.

The expected trading range for today is between 0.6880 support and 0.6970 resistance.

Expected trend for today: bullish.