AUDUSD awaits the confirmation – Analysis - 25-09-2017

The AUDUSD pair still stuck between 23.6% Fibonacci correction level that forms key support at 0.7937 and the resistance line formed at 0.8010 due to breaking the bullish trend line as appears on chart, noting that these levels represent the next trend keys, as the price needs to breach one of them to detect its next targets clearly.

Therefore, we will continue with our neutrality until the price gets clearer signal for the next trend, reminding you that breaking the mentioned support will push the price to extend the correctional bearish wave towards 0.7820 as a next main station, while breaching 0.8010 will lead the price to regain the main bullish trend that its targets begin at 0.8115 and extend to 0.8330.

Expected trading range for today is between 0.7820 support and 0.8050

Expected trend for today: Depends on the above mentioned levels