AUDUSD tests the support base – Analysis - 16-01-2017
Economies.com
2017-01-16 05:10AM UTC
The AUDUSD pair tested the key support base 0.7448 and kept its stability above it, to keep the bullish trend scenario active until now, supported by the EMA50 that keeps carrying the price from below, waiting to target 0.7595 level initially.
Therefore, we are waiting for positive trading in the upcoming sessions unless the price witnessed clear break and holding below 0.7448, noting that breaching 0.7595 will extend the bullish wave to reach 0.7833 as a next main station.
Expected trading range for today is between 0.7400 support and 0.7595
Expected trend for today: Bullish
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