AUDUSD retests – Analysis - 24-05-2017
Economies.com
2017-05-24 03:11AM UTC
The AUDUSD pair is retesting 0.7451 level that turns into key support now after breaching it previously, which is met by the EMA50 to add more strength to it, accompanied by stochastic move at the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the expected targets begin at 0.7519 and extend to 0.7604, noting that breaking 0.7451 will push the price to return to the correctional bearish track again.
Expected trading range for today is between 0.7400 support and 0.7560
Expected trend for today: Bullish
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