AUDUSD breaches the resistance – Analysis - 10-01-2017

The AUDUSD pair achieved strong breach to the critical resistance level at 0.7350 and settled with a daily close above it, which stops the suggested negative scenario in our last reports, and leads the price to turn its intraday and short term track to the upside, opening the way towards targeting levels begin at 0.7448 and extend to 0.7595.

Therefore, the bullish trend will be preferred in the upcoming sessions unless breaking 0.7329 level and holding below it, pointing that the EMA50 supports the suggested bullish wave.

Expected trading range for today is between 0.7300 support and 0.7500

Expected trend for today: Bullish