AUD USD continues the negative pressure – Analysis - 31/03/2015
Economies.com
2015-03-31 05:00AM UTC
The AUDUSD pair shows more negative trading to begin the attempts to return to the bearish channel that appears on chart, which supports the continuation of the bearish trend on the intraday and short term basis, to extend the negative targets and reach 0.7400 areas in the upcoming period.
Therefore, we expect witnessing more decline in the upcoming sessions supported by the EMA50, unless breaching 0.7735 followed by 0.7815 levels and holding above them.
Expected trading range for today is between: 0.7500 support and 0.7735
Expected trend for today: Bearish
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