AUDUSD resumes rising – Analysis - 14-02-2017

The AUDUSD pair bounced higher clearly after leaning on the EMA50, and the price gets positive overlapping signal that comes from stochastic now, which supports the chances for the continuation of the bullish bias in the upcoming period.

Therefore, we will keep our bullish expectations valid on the intraday and short term basis, and the price needs to breach 0.7695 level to confirm the return to the previously broken bullish channel, then opening the way towards our main waited target at 0.7833, reminding you that holding above 0.7595 is important for the continuation of the suggested bullish wave.

Expected trading range for today is between 0.7595 support and 0.7770

Expected trend for today: Bullish