Midday update for AUDUSD 18-05-2017
Economies.com
2017-05-18 10:15AM UTC
The AUDUSD pair attempted to breach 0.7451 level, but it returns to settle below this level, which keeps our bearish trend expectations valid, supported by the negative signal that comes from stochastic, waiting for targeting 0.7383 then 0.7299 levels mainly.
Reminding you that breaching 0.7451 will push the price to achieve intraday gains that begin at 0.7519 then 0.7604.
Expected trading range for today is between 0.7350 support and 0.7519
Expected trend for today: Bearish
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