AUDUSD attempts to breach – Analysis - 14-07-2017

The AUDUSD pair begins today's trading positively to attempt to breach 0.7740 level, as it closed the first four hours' candlestick above this level, which reinforce the chacnes of continuing the positive scenario in the upcoming sessions, waiting for more rise today.

Therefore, the bullish trend will remain suggested supported by the EMA50, reinforced by the return to the bullish channel that appears on chart, reminding you that our next main target is located at 0.7830, noting that breaking 0.7705 level will push the price to test the key support 0.7604 before any new attempt to rise.

Expected trading range for today is between 0.7650 support and 0.7830

Expected trend for today: Bullish