Midday update for AUDUSD 26-02-2018
Economies.com
2018-02-26 10:41AM UTC
The AUDUSD pair touched our waited initial target at 0.793 and settles near it, and the price attempts to build support base above the EMA50, which supports the expectations for the continuation of the bullish trend in the upcoming sessions.
Therefore, we keep preferring the bullish trend on the intraday and short term basis unless breaking 0.7818 and holding below it, pointing that breaching 0.7893 will push the price towards 0.796 as a next target.
Expected trading range for today is between 0.7780 support and 0.7940
Expected trend for today: Bullish
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