AUDUSD retests – Analysis - 13-02-2017
Economies.com
2017-02-13 05:28AM UTC
The AUDUSD pair traded with clear positivity in last Friday to return to the bullish channel, but its begins today with slight bearish bias to retest the previously breached resistance of the minor bearish channel that appears in the image, affected by stochastic current negativity, waiting for gaining enough positive momentum to push the price to continue the main bullish trend.
In general, we keep preferring the main bullish trend in the upcoming period supported by the EMA50, unless breaking 0.7595 level, reminding you that our next main target located at 0.7833.
Expected trading range for today is between 0.7595 support and 0.7770
Expected trend for today: Bullish
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