AUD USD heads to the channel’s support 17/01/2013
Economies.com
2013-01-17 06:07AM UTC
The pair accomplished a break to the minor support appears in the image at 1.0535, and this opens the way for heading towards the main bullish channel which is carrying the current trading, this support is located now at 1.0480, and holding above it is required for our general positive expectations continuation.
We must be aware that breaking the mentioned support might force the price to visit 1.0365 initially, before confirming the next trend on the short term basis.
Expected trading range for today is between: 1.0480 support and 1.0700 resistance.
Expected trend for today: Bullish
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