AUD USD needs a strong positive motive – Analysis - 22/10/2014
Economies.com
2014-10-22 05:26AM UTC
The AUDUSD pair shows sideways trading that appears in the above image, as long as the price is stable above 0.8660 level, our overall bullish trend expectations remain valid and active, waiting for breaching 0.8895 level to confirm the continuation of the bullish trend towards 0.9040 then 0.9165.
The price needs a strong positive motive that supports resuming the expected bullish trend, pointing that breaking 0.8660 level will push the AUDUSD price negatively then turn the expectations to the downside, and targets begin mainly at 0.8400.
Expected trading range for today is between: 0.8700 support and 0.8900 resistance.
Expected trend for today: Bullish
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