No news for AUD USD – Analysis - 24/10/2014
Economies.com
2014-10-24 04:57AM UTC
The AUDUSD pair shows some slight bearish bias with the opening of today’s trading, and the price still inside the sideways range that appears on image, and as long as the price is above 0.8660, we continue to expect the bullish trend on the short term basis, and the first target is breaching 0.8895 to confirm extending gains towards 0.9040 followed by 0.9165.
We are waiting the price to gain positive momentum to support the chances of resuming the expected bullish trend.
Expected trading range for today is between: 0.8700 support and 0.8900 resistance.
Expected trend for today: Bullish
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