Midday update for AUDUSD 26-05-2017

The AUDUSD pair attempted to break 0.7440 level but it didn’t settle below this level, showing bullish bias and approaching from testing the critical resistance at 0.7465, as we mentioned this morning, these levels represents the next trend keys, where the price needs to breach one of them to detect its next trend clearly.

Therefore, we keep our neutrality until getting clearer confirmation signal for the next trend, to recognize the details of the expected targets from the breach, please review our morning report.

Expected trading range for today is between 0.7340 support and 0.7550

Expected trend for today: Depends on the above mentioned levels