AUD/USD Morning Technical Report 31/10/2014
ecPulse
2014-10-31 08:36AM UTC
The pair is finding difficulty in breaching 0.8825 which keeps the trading within the sideways range showing above, so we keep our expectations of a sideways bias intraday between the support 0.8690 and resistance 0.8895, and the pair should breach one of these levels to clearly determine the next targets. Of note, breaking the mentioned support pushes the pair to the downside towards 0.8500, while breaching the resistance pushes the pair to the upside targeting 0.9000 mainly.
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