Midday update for AUDUSD 17-08-2017
Economies.com
2017-08-17 10:03AM UTC
The AUDUSD pair continues its positive trading to approach from 0.8000 barrier this morning, to support the continuation of the bullish trend scenario for the rest of the day, supported by the EMA50, pointing that stochastic current negativity might force the price to provide some temporary sideways trading before resuming the rise that targets 0.8000 then 0.8115 levels mainly.
In general, we will keep our positive expectations in the upcoming period unless breaking 0.7800 level and holding below it.
Expected trading range for today is between 0.7880 support and 0.8020
Expected trend for today: Bullish
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