AUDUSD finds solid support – Analysis - 26-02-2018
Economies.com
2018-02-26 05:21AM UTC
The AUDUSD pair leaned on the bullish trend line that appears on the chart to rebound bullishly and provides positive trading now, hinting stopping the correctional bearish wave at 50% Fibonacci level for the rise measured from 0.7500 to 0.8136, on its way to return to the main bullish trend again.
Therefore, the bullish trend will be suggested in the upcoming sessions, and the targets begin by breaching 0.7893 to open the way to head towards 0.7986 as a next station, noting that breaking 0.7818 will stop the expected rise and push the price for more bearish correction.
Expected trading range for today is between 0.7780 support and 0.7940
Expected trend for today: Bullish
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