AUDUSD keeps its positive stability – Analysis - 17-01-2017

Economies.com
2017-01-17 04:43AM UTC

The AUDUSD pair keeps its stability above 0.7448 level, noticing that stochastic provides positive signals now, besides the continuous positive support provided by the EMA50.

 

Therefore, these factors encourage us to keep our bullish overview for the upcoming sessions, and the way is open to visit 0.7595 level initially, taking into consideration that breaking 0.7448 level will push the price to visit 0.7329 areas before detecting the next destination on the short term basis.

 

Expected trading range for today is between 0.7400 support and 0.7595

 

Expected trend for today: Bullish

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