Midday update for AUDUSD 22-03-2017
Economies.com
2017-03-22 11:43AM UTC
The AUDUSD pair fluctuates around the EMA50 since morning, while stochastic provides positive overlapping signal on the four hours' time frame, waiting to resume the positive trading for the rest of the day, which its targets begin by testing 0.7739 level.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.7604 level and holding below it, reminding you that breaching the above mentioned level will extend the bullish wave to reach 0.7900 as a next main station.
Expected trading range for today is between 0.7600 support and 0.7780
Expected trend for today: Bullish
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