AUD USD approaches the first target – Analysis - 26/01/2015
Economies.com
2015-01-26 06:06AM UTC
The AUDUSD pair trades with clear negativity after confirm breaking 0.8000 level, as it approaches from our first main waited target that declines now to 0.7780, reminding you that breaking this level will extend the bearish wave to reach 0.7600 areas.
The EMA50 supports the suggested decline, which will remain valid and active as long as the price is below 0.8200.
Expected trading range for today is between: 0.7700 support and 0.8000 resistance.
Expected trend for today: Bearish
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