Midday update for AUD USD 27/08/2015
Economies.com
2015-08-27 11:16AM UTC
The AUDUSD pair shows some slight bullish bias since morning, while stochastic reaches the thresholds of the overbought levels, reinforcing the expectations of resuming the bearish trend that moves within the main bearish channel, supported by the EMA50.
Therefore, we are waiting for heading towards 0.7000 then 0.6800 as next mains stations, reminding you that holding below 0.7230 conditioned for achieving them.
Expected trading range for today is between 0.7000 support and 0.7230
Expected trend for today: Bearish
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