Midday update for AUD USD 09/02/2016
Economies.com
2016-02-09 12:19PM UTC
The AUDUSD pair keeps fluctuating near the critical support at 0.7016 without breaking it until now, where stochastic provides oversold signals that contradicts the negative pressure that comes from the EMA50.
Therefore, we remain neutral until the price confirms its next trend by breaching one of the critical levels that represented by 0.7016 support and 0.7155 resistance, to recognize the expected targets from the breach, please review our morning report.
Expected trading range for today is between 0.6900 support and 0.7155
Expected trend for today: Neutral
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