Midday update for AUD USD 02/10/2015
Economies.com
2015-10-02 10:55AM UTC
The AUDUSD pair fluctuates near the EMA50 keeping its stability below the bearish channel’s resistance level, therefore, our bearish trend expectations remain valid and active, waiting for breaking 0.6935 level to ease heading towards our targets that extend to reach 0.6705.
Breaching 0.7065 level and holding above it will stop the negative expectations and pushes the price to turn its short- term track towards the upside.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Bearish
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