Midday update for AUDUSD 17-02-2017

The AUDUSD pair trade with clear negativity this morning to test the EMA50 that forms key support base at 0.7665, forming the first protecting factor to our positive overview besides the most important support at 0.7595, and as long as the price is above the last level, the chances will remain valid to resume the bullish trend, reminding you that our main target is located at 0.7833.

Note that breaking 0.7595 level will push the price to return to the correctional bearish track that its next target located at 0.7448 before any new attempt to rise.

Expected trading range for today is between 0.7655 support and 0.7833

Expected trend for today: Bullish