Midday update for AUDUSD 11-01-2017

Economies.com
2017-01-11 11:11AM UTC

The AUDUSD pair trades with clam positivity since morning in attempt to reach our first main waited target at 0.7448, keeping the bullish trend valid until now, supported by the EMA50 that keeps carrying the price from below, reminding you that breaching the targeted level will extend the pair’s gains to reach 0.7595.

 

In general, we will keep preferring the bullish trend unless breaking 0.7329 level and holding below it.

 

Expected trading range for today is between 0.7300 support and 0.7500

 

Expected trend for today: Bullish

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