Midday update for AUDUSD 20-02-2017
Economies.com
2017-02-20 11:22AM UTC
The AUDUSD pair shows light bullish bias since morning in attempt to move away from the EMA50, motivated by stochastic positivity that appears on the four hours time frame, waiting for resuming the bullish trend that its next main target located at 0.7833.
Therefore, our positive expectations will remain valid for today unless breaking 0.7595 level and holding below it, pointing that breaching 0.7690 will ease the price mission to achieve the above mentioned target.
Expected trading range for today is between 0.7600 support and 0.7800
Expected trend for today: Bullish
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