Midday update for AUDUSD 22-09-2017

The AUDUSD pair begins the breaching process to 0.7937 level and attempts to hold above it, which hints the price attempt to regain the main bullish trend, as the price is affected by stochastic positivity, while the EMA50 forms negative pressure that might stop the positive attempts.

Therefore, this contradiction between the technical factors makes us prefer staying a side until the price confirms its next destination clearly, and the price needs to breach one of the next trend keys represented by 0.7937 support and 0.8020 resistance to detect the next targets clearly.

Expected trading range for today is between 0.7820 support and 0.8000

Expected trend for today: Depends on the above mentioned levels