AUDUSD leans on the moving average – Analysis - 20-02-2017

The AUDUSD pair settles at the EMA50 that managed to stop the recent negative pressure, accompanied by witnessing clear positive signals through stochastic, which supports the chances of resuming the bullish bias in the upcoming sessions, waiting to head towards 0.7833 as a next main station.

Therefore, the bullish trend will remain valid and active on the intraday and short term basis, reminding you that holding above 0.7595 represents the most important condition to continue the suggested rise.

Expected trading range for today is between 0.7600 support and 0.7800

Expected trend for today: Bullish