AUD USD still sideways – Analysis - 24/04/2015

The AUDUSD pair continues to fluctuate inside the sideways range that appears on chart, which its lines represented by 0.7558 support and 0.7840 resistance, and stochastic shows overbought signals now after approaching from this range’s resistance, which might push the price to show some negative trading in the upcoming sessions.

In general, we still suggest fluctuating within sideways track until we get clear breach to one of the above mentioned levels, reminding you that breaching the resistance will lead the price to achieve positive targets that start at 0.7935 and extend to 0.8115, while breaking the support will push the price to turn back to the main bearish track, and the targets begin at 0.7400 then 0.7200.

Expected trading range for today is between 0.7620 support and 0.7870

Expected trend for today: Sideways