AUDUSD awaits the confirmation – Analysis - 24-04-2017

The AUDUSD pair provides positive attempts to approach from the critical resistance at 0.7604, and the price remains confined between the confirmation levels of the trend that represented by the mentioned resistance and 0.7519 support, where the price needs to breach one of these levels to detect its next targets clearly, therefore, our neutral attitude will remain valid until now.

The contradiction between the EMA50 and stochastic negativity provides another reason for the neutrality, reminding you that breaking 0.7519 will put the price under more of the negative pressure that its targets reach to 0.7451 then 0.7383, while breaching 0.7604 will lead the price to regain its main bullish track, targeting the recorded top at 0.7740 as a first main station.

Expected trading range for today is between 0.7450 support and 0.7640

Expected trend for today: Depends on the above mentioned levels