Midday update for AUDUSD 26-08-2016
Economies.com
2016-08-26 10:52AM UTC
The AUDUSD pair attempts to surpass the EMA50, and as we mentioned this morning, this breach represents the first key to reinforce the expectations of continuing the main bullish trend, followed by breaching 0.7695 to confirm heading towards 0.7833 then 0.7970 levels.
Therefore, we will keep our bullish overview for the rest of the day unless breaking 0.7595 level and holding below it.
Expected trading range for today is between 0.7550 support and 0.7750
Expected trend for today: Bullish
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