AUD USD attacks the support – Analysis - 02/09/2014
Economies.com
2014-09-02 05:13AM UTC
The AUDUSD pair shows clear decline affected by the Australian economic data, to break 0.9330 and 0.9300 levels and trade below them, which makes us stop the suggested positive scenario in our recent reports and stay aside temporarily in order to monitor the price behavior according to the mentioned levels, as holding below them will put the price in the bearish correctional track that targets 0.9200-0.9180 levels mainly.
On the other hand, turning back to trade above 0.9330 will reactivate the positive overview and the return to the main bullish track again.
Expected trading range for today is between: 0.9180 support and 0.9400 resistance.
Expected trend for today: Neutral
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