AUD USD inside the channel – Analysis - 22/12/2014
Economies.com
2014-12-22 06:27AM UTC
The AUDUSD pair keeps its stability inside the bearish channel that appears on chart, while the EMA50 continues to protect the trading inside this channel, which keeps the bearish trend scenario valid until now, and the price needs to break 0.8115 level to confirm targeting 0.8045 areas.
Stochastic positivity interprets the reasons of the current rise, and we should be aware that breaching 0.8190 might push the price to begin an intraday bullish correction before turning back to resume the overall bearish trend again.
Expected trading range for today is between: 0.8045 support and 0.8220 resistance.
Expected trend for today: Bearish
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