Midday update for AUDUSD 26-07-2017
Economies.com
2017-07-26 10:06AM UTC
The AUDUSD pair tested the sideways range support that appears on chart and keeps its stability above it, noticing that stochastic begins to provide positive overlapping signal on the four hours' time frame, which supports the continuation of the bullish trend scenario in the upcoming period, reminding you that our waited targets begin at 0.8000 and extend to 0.8115.
Holding above 0.7830 level represents key condition to continue the expected bullish trend, as breaking it will push the price to decline towards 0.7680 areas before any new attempt to rise.
Expected trading range for today is between 0.7830 support and 0.8050
Expected trend for today: Bullish
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