AUDUSD confirms the breach – Analysis - 16-02-2018
Economies.com
2018-02-16 04:50AM UTC
The AUDUSD pair succeeded to confirm breaching 0.7936 level after closing the daily candlestick above it, which reinforces the expectations of continuing the bullish trend on the short term basis, paving the way to head towards our next targets that start at 0.8000 and extend to 0.8124.
The EMA50 supports the price from below, while stochastic provides positive overlapping signal now, thus, the chances are valid to continue rising today, noting that holding above 0.7936 is important continue the bullish momentum in the upcoming sessions.
Expected trading range for today is between 0.7900 support and 0.8060
Expected trend for today: Bullish
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