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AUDJPY analysis 20.11.2020

The Australian dollar against the US dollar shows sideways trading in the past sessions, and maintains its stability above 0.7255, which keeps our bullish expectations valid and effective in the intraday and short term, supported by the SMA 50, waiting to visit 0.7413 as a next main target.

On the other hand, we should note that a break of 0.7255 then 0.7210 will stop the expected rise and pressure the price to test 0.7135 before any new attempt to rise.

The expected trading range for today is between 0.7240 support and 0.7370 resistance

The expected general trend for today: Bullish

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