AUDUSD keeps its positive stability – Analysis - 21-08-2017

The AUDUSD pair settles above 0.7900 barrier, getting continuous positive support by the EMA50, to keep the bullish trend valid on the intraday and short term basis, waiting to head towards 0.8000 followed by 0.8115 levels mainly.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish bias, which will remain valid and active unless breaking 0.7800 level and holding below it.

Expected trading range for today is between 0.7850 support and 0.8040

Expected trend for today: Bullish