Midday update for AUDUSD 27-04-2017
Economies.com
2017-04-27 11:45AM UTC
The AUDUSD pair resumes its negative trading to approach from 0.7451 level again, reminding you that breaking this level will push the price towards our next target located at 0.7383.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless we witnessed clear breach and holding with a daily close above 0.7519, noting that the EMA50 supports the suggested decline.
Expected trading range for today is between 0.7383 support and 0.7550
Expected trend for today: Bearish
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