Midday update for AUDUSD 23-01-2018
Economies.com
2018-01-23 12:01PM UTC
The AUDUSD pair continued to decline to reach the bullish channel’s support that appears on the chart, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned channel’s support to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions conditioned by holding above 0.7936 level, reminding you that our next main target is located at 0.8125.
Expected trading range for today is between 0.7930 support and 0.8080
Expected trend for today: Bullish
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