AUDUSD gets the positive momentum – Analysis - 17-09-2018
Economies.com
2018-09-17 03:55AM UTC
The AUDUSD pair shows some bearish bias to fluctuate around the EMA50, and stochastic managed to get rid of its negativity and gather the positive momentum on the four hours’ time frame, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 0.7315 level mainly.
Holding above 0.7100 is important to continue the suggested rise, as breaking it will push the price to resume tha main bearish trend within the bearish channel that appears on the chart.
Expected trading range for today is between 0.7100 support and 0.7250
Expected trend for today: Bullish
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