AUDUSD within sideways track – Analysis - 26-07-2017

The AUDUSD pair shows sideways trading as we notice from the above chart, while the EMA50 attempts to provide the positive support to the price to protect the bullish trend expectations, which keeps the chances valid to resume the bullish trend in the upcoming sessions, waiting to test 0.8000 level initially.

In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.7830 level and holding below it, reminding you that breaching the targeted level will extend the pair's gaisn to reach 0.8115 as a next main station.

Expected trading range for today is between 0.7830 support and 0.8050

Expected trend for today: Bullish