No news for AUD USD – Analysis - 23/07/2014
Economies.com
2014-07-23 00:07AM UTC
The AUDUSD pair remains confined between the sideways range’s lines represented by 0.9330 support and 0.9445 resistance, and as we mentioned in our last reports, the sideways trading will remain preferred on the intraday basis until succeeding to breach one of the mentioned levels.
The contradiction between stochastic negativity and the EMA50 positivity is another reason for the possibility of the sideways trading continuation in the upcoming period.
Expected trading range for today is between: 0.9250 support and 0.9500 resistance.
Expected trend for today: Sideways
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