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AUDUSD analysis 11.12.2020

The Australian dollar against the US dollar succeeded in achieving our first awaited target at 0.7530, and breaching it to open the way to our next leg, which is at 0.7600, reinforcing expectations for the continuation of the bullish trend in the intraday and short term, noting that breaching this level will extend the bullish wave to reach 0.7685.
 
Therefore, we await more incline during the upcoming sessions, provided that the price maintains its stability above 0.7440.
 
The expected trading range for today is between 0.7500 support and 0.7640 resistance
 
The expected general trend for today: Bullish

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