AUDUSD continues to fluctuate – Analysis - 13-12-2017

The AUDUSD pair keeps fluctuating around the key resistance 0.7575 and still below it until now, while stochastic moves at the overbought areas, to keep the bearish trend scenario valid until now, waiting to break 0.7516 to confirm extending the bearish wave towards 0.7415.

We should note that breaching 0.7575 will open the way to start recovery attempts that target 0.7633 and might extend to 0.7727 levels on the near term basis.

Expected trading range for today is between 0.7500 support and 0.7633

Expected trend for today: Bearish