AUD USD moves above the support 16/01/2013
Economies.com
2013-01-16 05:55AM UTC
The pair keeps the stability above 1.0550, and fluctuates in sideways range affected by Stochastic negativity, while EMA50 continues supporting the price from below.
In general, the bullish trend scenario remains valid and active, and the main target is located at 1.0700, while achieving it requires holding above 1.0480.
Expected trading range for today is between: 1.0480 support and 1.0700 resistance.
Expected trend for today: Bullish
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