AUDUSD within bullish track – Analysis - 06/10/2015

The AUDUSD pair trades with clear positivity now after keepings its stability above the previously breached resistance of the bearish channel, which turns into key support now at 0.7045, noticing that stochastic and the EMA50 offer positive signals now, which encourages us to continue suggesting the bullish trend in the upcoming period, which its main targets begin at 0.7200 followed by 0.7280.

Note that holding above 0.7045 represents main condition to continue the expected bullish trend, as breaking this level represents the key to return to the main bearish trend and stop the current positive overview.

Expected trading range for today is between 0.7045 support and 0.7230

Expected trend for today: Bullish