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AUDUSD affected by the negative momentum – Analysis - 23-01-2018
The AUDUSD pair begins today’s trading with bearish bias on its way for new test to the key support 0.7936, affected by stochastic negativity, and as long as the price is above this level, the bullish trend scenario will remain valid for the upcoming period, supported by the EMA50, waiting to visit 0.8125 level as a next target.
We should note that breaking 0.7936 will put the price under negative pressure that its targets begin at 0.7820 before any new attempt to rise.
Expected trading range for today is between 0.7930 support and 0.8080
Expected trend for today: Bullish
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