AUD USD surpasses the first target – Analysis - 06/07/2015
Economies.com
2015-07-05 23:10PM UTC
The AUDUSD pair broke 0.7560 level strongly and settled below it, which opens the way to continue the bearish trend on the short term and medium term basis, waiting to test our next main target at 0.7415.
Stochastic current positivity might push the price to retest 0.7560 that turns into resistance now after breaking it previously, being aware that breaching this level will stop the current bearish bias and push the price for a potential test to 0.7735 areas.
Expected trading range for today is between 0.7350 support and 0.7560
Expected trend for today: Bearish
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