AUD USD returns to test the channel’s support 24/01/2013
Economies.com
2013-01-24 05:54AM UTC
The pair wasn’t able to hold long above 1.0550, to be trading again near the bullish channel support which is located now at 1.0500.
In general, the stability of the trading inside this channel keeps the general bullish trend valid and active, and the targets still starting at 1.0700, being aware that breaking 1.0500 and followed by 1.0485 will open the way for heading towards 1.0365.
Expected trading range for today is between: 1.0485 support and 1.0700 resistance.
Expected trend for today: Bullish
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