AUD USD approaches the resistance – Analysis - 19/12/2014
Economies.com
2014-12-19 06:07AM UTC
The AUDUSD pair crawls upwards gradually to approach from the bearish channel’s resistance, while the EMA50 continues to support trading inside this channel by adding more strength to its resistance, noting that stochastic approaches from the overbought areas now.
These factors encourage us to keep the bearish trend overview, which its next main target located at 0.8045, while achieving it requires holding below 0.8235.
Expected trading range for today is between: 0.8045 support and 0.8235 resistance.
Expected trend for today: Bearish
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