AUDUSD hits the target – Analysis - 15-01-2018

Economies.com
2018-01-15 05:00AM UTC

The AUDUSD pair succeeded to touch our main waited target at 0.7937 and begins today with more positivity in attempt to breach it, which supports the continuation of achieving more gains in the upcoming period and regaining the main bullish trend again, waiting to rally towards the previous recorded top at 0.8125 as a next station.

 

Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50 that carries trades inside the bullish channel that appears on the chart, noting that it is important to hold above 0.7820 to achieve the expected targets.

 

Expected trading range for today is between 0.7870 support and 0.8050

 

Expected trend for today: Bullish

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