AUDUSD keeps its positive stability – Analysis - 11-01-2017

The AUDUSD pair shows some slight bullish bias after leaning on 0.7329 level yesterday, while stochastic shows positive signals on the four hours' time frame, and the EMA50 keeps providing the positive support to the price.

Therefore, these factors support the continuation of the expected bullish trend scenario efficiently in the upcoming sessions, and the way is open to visit 0.7448 level initially, which breaching it represents the key to extend the bullish wave towards 0.7595, reminding you that it is important to hold above 0.7329 level to continue the suggested bullish trend.

Expected trading range for today is between 0.7300 support and 0.7500

Expected trend for today: Bullish