Midday update for AUDUSD 19-09-2017

Economies.com
2017-09-19 09:50AM UTC

The AUDUSD pair is testing the key resistance 0.7993 now, which represents one of the next trend keys besides 0.7937 support, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

 

The contradiction between stochastic positivity and the EMA50 negativity still valid, and for more details about the expected targets after the breach, please review our morning report.

 

Expected trading range for today is between 0.7850 support and 0.8050

 

Expected trend for today: Depends on the above mentioned levels

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