AUDUSD approaches from the first target – Analysis - 25-05-2017
Economies.com
2017-05-25 02:45AM UTC
The AUDUSD pair trades near our first waited target at 0.7519, and the price needs to breach this level to confirm extending the bullish wave to reach 0.7604 as a next main station.
In general, we will continue to suggest the bullish trend unless breaking 0.7451 level and holding below it, supported by the EMA50, noting that breaching 0.7604 will push the price to head towards the previously recorded top at 0.7740.
Expected trading range for today is between 0.7451 support and 0.7604
Expected trend for today: Bullish
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