AUD USD continues to decline – Analysis - 27/05/2015
Economies.com
2015-05-27 04:55AM UTC
The AUDUSD pair continued its bearish bias yesterday to approach from 0.7700 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, as the price is approaching from our next main target located at 0.7680, noting that the negative pressure that comes from the EMA50 support achieving more negative targets, which extend to reach 0.7560 areas.
Therefore, the bearish trend will remain valid and active for the upcoming period as long as the price is below 0.7875.
Expected trading range for today is between 0.7600 support and 0.7850
Expected trend for today: Bearish
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