AUDUSD resumes rising – Analysis - 31-07-2017
Economies.com
2017-07-31 04:08AM UTC
The AUDUSD pair leaned on the bullish channel's support line that appears on chart and resumes its positive trading by today's opening, which supports the continuation of the expected bullish trend on the intraday and short term basis, which its next target located at 0.8115.
Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50, taking into consideration that holding above 0.7925 represents key condition to continue the expected rise for today.
Expected trading range for today is between 0.7900 support and 0.8100
Expected trend for today: Bullish
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