AUD USD at the first target’s threshold 12/04/2013
Economies.com
2013-04-12 05:07AM UTC
The pair continues to trade within the current upside channel, getting more support from the EMA50, which encourages us to expect more bullish actions, and our targets begin by surpassing 1.0620 level to open the way for more gains.
The price might have to bounce to the downside temporarily effected by stochastic negativity which supports the current resistance strength, while the price should above 1.0400 to keep our positive overview valid.
Expected trading range for today is between: 1.0455 support and 1.0700 resistance.
Expected trend for today: Bullish
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