AUD USD attempts positively – Analysis - 31/10/2014
Economies.com
2014-10-31 04:55AM UTC
The AUDUSD pair ended yesterday’s trading positively above 0.8800 level, which supports the continuation of our overall positive overview, which depends on holding above 0.8760 and 0.8660 levels, while its main targets begin by breaching 0.8895 level to open the way towards targeting 0.9040 followed by 0.9165 areas.
The price needs to breach the EMA50 which forms a solid resistance barrier that blocks the positive attempts, and we are waiting stochastic to gain enough positive momentum to push the price to resume the suggested bullish wave.
Expected trading range for today is between: 0.8760 support and 0.8950 resistance.
Expected trend for today: Bullish
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